The cost (in dollars) of producing q items is given by C(q) = 0.08q3 + 75q + 1000 a) Find the marg


Question: The cost (in dollars) of producing q items is given by

C(q) = 0.08q3 + 75q + 1000

a) Find the marginal cost function.

b) 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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Solution: The solution consists of 1 page
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