Suppose that the cost of producing x items is C(x) = .005x3 - .5x2 + 28x + 300 dollars, and daily production is 50 items. (a) What is the extra cost of increasing daily production from 50 to 51 items? (b) What is the marginal cost when x = 50?

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A: Definition used-                    A cost function is integral to the marginal cost function.…

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Q: If the marginal cost function for x units of a product is  MC = 2 + 5 ln(x + 1)  dollars per unit,…

A: Given, MC =  2 + 5 ln(x + 1) So, we have the relationship dCdx = MC then dCdx = 2 + 5 ln(x + 1) dC =…

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A: Here is the solution of the given problem. Average Cost Marginal cost

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A: Topic:- cost and marginal function

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Q: Suppose that the monthly cost, in dollars, of producing x chairs is C(x) = 0.002x° +0.07x + 14x +…

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A: The  monthly marginal profit function is By integrating, we get

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Q: Suppose that the monthly cost, in dollars, of producing x chairs is C(x) = 0.002x³ + 0.07x + 15x…

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A: Given C'(q)=q2-14q+70 and  C(0)=700

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Q: Suppose that the marginal propensity to consume is   dC dy = 0.02 +  ln(y + 1) y + 1      (in…

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A: Given query is to find marginal cost.

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Q: Suppose that the monthly cost, in dollars, of producing x chairs is C(x) = 0.002x + 0.07x + 19x +…

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A: I have stated the used formula in the solution.

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Q: Suppose that the monthly​ cost, in​ dollars, of producing x chairs is…

A: As per our company guidelines we are supposed to answer ?️only first 3️⃣ sub-parts. Kindly repost…

Q: Suppose that the marginal propensity to save is ds 0.20 (in billions of dollars) dy and that…

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Q: 4. If the marginal cost of a firm is 15e** and the fixed cost is 85, find the total cost function.…

A: We will find out the required values.