KEVIN B.

asked • 11/26/13

The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For example, if the marginal cost of producing the ...

The Marginal cost of a product can be thought of as the cost of producing one additional unit of  output. For example, if the marginal cost of producing  the 50th product is $6.20, it cost $6.20 to increase production from 49 to 50 units of output. Suppose the marginal cost C  (in dollars) to produce x thousand mp3 players is given by the function C(x)=x^2-100x+8300.  (a). How many players should be produced to minimize the marginal cost? and (b). What is the minimum cost??

3 Answers By Expert Tutors

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Parviz F. answered • 11/27/13

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4.8 (4)

Mathematics professor at Community Colleges

Brad M. answered • 11/26/13

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Business Plan Financials & Executive Summaries, Business Strategy Game

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