(See Steps) The cost (in dollars) of producing q items is given by C(q) = 0.08q 3 + 75q + 1000 Find the marginal cost function. Find C(50) and C ‘(50).
Question: The cost (in dollars) of producing q items is given by
C(q) = 0.08q 3 + 75q + 1000
- Find the marginal cost function.
- Find C(50) and C ‘(50). Give units with your answers and explain what each is telling you about costs of production.
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