The marginal cost for a company to produce q items is given by MC(q) = 0.003q^2 - 0.8q + 650. The company's fixed costs are $8300. The cost at a production level of 16 items is $ (Round answer to nearest tenth.)
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Step 1: To find the total cost at a production level of 16 items, we need to add the fixed costs to the cost incurred for producing 16 items. Show more…
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