Cost of producing 1 additional unit

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Reference no: EM131789611

Suppose that the cost function for a commodity is

C(x) = 40 + x² dollars

(a) Find the marginal cost at x = 5 units and tell what this predicts about the cost of producing 1 additional unit.

(b) Calculate C(6) - C(5) to find the actual cost of producing 1 additional unit.

Reference no: EM131789611

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