Whether the statement “If the minimum cost of a fixed production of 8 , 000 tons of production level is $ 50 , 000 and λ = 120 , then the production of 8 , 001 can be expected to cost about $ 50120 .”is true or false.

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Chapter 8, Problem 57SYU

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Whether the statement “If the minimum cost of a fixed production of 8,000 tons of production level is $50,000 and λ=120, then the production of 8,001 can be expected to cost about $50120 .”is true or false.

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