A company has fixed costs of $5,000. Producing 300 items incurrs a total cost of $26,000.(a) Find the total cost function, C (x) = 300x+50003(b) What is this company's marginal cost?MC Number(c) What is the company's average cost of producing 351 items?/itemC (351) = $ Number(round to two decimal places)

Use derivative and average formula for cost ,for evaluating it.

Answered: A company has fixed costs of $5,000.…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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