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A pen manufacturer determined that the total cost in dollars of producing x dozen pens in...

A pen manufacturer determined that the total cost in dollars of producing x dozen pens in one day is given by C(x) = 350 + 2x - 0.01x2, 0 ≤ x ≤ 100 a. Find the expression for marginal cost. b. Find the level of output (x) where the marginal cost is minimum. c. Find the marginal cost at a production level of where the marginal cost is minimum

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Answer #1

If double derivative method doesn't work to calculate minimum maximum values, then, simply put maximum and minimum points available in range.

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