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Economics: Marginal Benefits and Costs The table gives the marginal benefit and marginal cost of producing x units of a product for a given company. (a) Plot the points in each column and use the regression feature of a graphing utility to find a linear model for marginal benefit and a quadratic model for marginal cost as functions of the units produced x. (b) Use
Number of units | 1 | 2 | 3 | 4 | 5 |
Marginal benefit | 330 | 320 | 290 | 270 | 250 |
Marginal cost | 150 | 120 | 100 | 110 | 120 |
Number of units | 6 | 7 | 8 | 9 | 10 |
Marginal benefit | 230 | 210 | 190 | 170 | 160 |
Marginal cost | 140 | 160 | 190 | 250 | 320 |
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Calculus: An Applied Approach (MindTap Course List)
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