. Marginal Cost Suppose the monthly total costfor the manufacture of 19-inch television sets isC(x)= 2546 + 98x, where x is the number of TVsproduced each month.a. What is the slope of the graph of the total costfunction?b. What is the marginal cost for the product?c. Interpret the marginal cost for this product
. Marginal Cost Suppose the monthly total costfor the manufacture of 19-inch television sets isC(x)= 2546 + 98x, where x is the number of TVsproduced each month.a. What is the slope of the graph of the total costfunction?b. What is the marginal cost for the product?c. Interpret the marginal cost for this product
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 3CQQ
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Question
. Marginal Cost Suppose the monthly total cost
for the manufacture of 19-inch television sets is
C(x)= 2546 + 98x, where x is the number of TVs
produced each month.
a. What is the slope of the graph of the total cost
function?
b. What is the marginal cost for the product?
c. Interpret the marginal cost for this product
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