Explanation Given information: The given graph is as follows Calculation: The marginal cost = C ' ( q ) = Change in cost Change in quantity We choose two point to calculate marginal cost on the graph as follows, So the marginal cost calculated as follows, The marginal cost = C '

Applied Calculus, 6e WileyPLUS + Loose-leaf

6th Edition

ISBN: 9781119408901

Author: Deborah Hughes-Hallett, Andrew M. Gleason, Patti Frazer Lock, Daniel E. Flath

Publisher: Wiley (WileyPLUS Products)

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Question

Chapter 2.5, Problem 5P

To determine

To estimate:

The marginal cost when the level of production is 10000 units and interpret it.

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Chapter 2.5, Problem 4P

Chapter 2.5, Problem 6P

Chapter 2 Solutions

Applied Calculus, 6e WileyPLUS + Loose-leaf

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Finding Local Maxima and Minima by Differentiation; Author: Professor Dave Explains;https://www.youtube.com/watch?v=pvLj1s7SOtk;License: Standard YouTube License, CC-BY

To estimate: The marginal cost when the level of production is 10000 units and interpret it.

Solution Summary: The author estimates the marginal cost when the level of production is 10000 units and interprets it.