A company estimates that the marginal cost (in dollars per item) of producing x items is 1.87 –

Name: A company estimates that the marginal cost (in dollars per item) of producing x items is 1.87 – 0.002x. If the cost of producing one item is 572, find the cost of producing 100 items. (Round your answer to two decimal places.)
Uploaded: 2024-08-20T14:59:16-08:00
Duration: 1 min 44 s
Channel: Hoan Nguyen
Description: A company estimates that the marginal cost (in dollars per item) of producing x items is 1.87 – 0.002x. If the cost of producing one item is 572, find the cost of producing 100 items. (Round your answer to two decimal places.)

Question

Keerti J · Accepted Answer

1. We are given the marginal cost function: MC(x) = 1.87 + 0.002x

Question

A company estimates that the marginal cost (in dollars per item) of producing x items is 1.87 – 0.002x. If the cost of producing one item is $572, find the cost of producing 100 items. (Round your answer to two decimal places.)

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