[All Steps] Consider the following cost equation: Total Cost (TC) = 160Q -10Q 2 + 1.2Q 3 . What is the Marginal Cost of producing the 21 st unit? (Hint:
Question: Consider the following cost equation: Total Cost (TC) = 160Q -10Q 2 + 1.2Q 3 . What is the Marginal Cost of producing the 21 st unit? (Hint: Begin by calculating TC at 20 and at 21.) Round your answer to the nearest whole number.
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