Question
Suppose that the total cost to produce 200 units of a consumer item is C(200) = $3,789 and that the marginal cost at this production level is C'(200) = 16 dollars per unit made. Use this information to estimate the total cost C(205).
Answers
Anonymous
d C/ du = 16 $/unit
d C = 16 du = 16 (205- 200) = 80
C(205) = C(200) + 80 = 3789 + 80
d C = 16 du = 16 (205- 200) = 80
C(205) = C(200) + 80 = 3789 + 80