The marginal cost () (in dollars per unit) of producing units is given in the fo
ID: 2887158 • Letter: T
Question
The marginal cost () (in dollars per unit) of producing units is given in the following table. q | 0 | 100 | 200 | 300 | 400 | 500 | 600 C (q) 201715 20 28 38 47 Round your answers to the nearest integers. 400 units. The cost of producing 400 units is $ (b) To the nearest dollar, how much would the total cost increase if production were increased one unit, to 401 The total cost increase if production were increased one unit isb the absolute tolerance is +/-300 Click if you would like to Show Work for this question: Open Show Work units?Explanation / Answer
a) total cost of producing 400 units
= 15000 + 20 + 100*17+100*15+100*20+100*28
=23020
b) total cost of producing 401 units
=23020+38
=23058
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