Question

The cost in dollars of producing x units of a commodity is: C(x)= 920 + 2x...

The cost in dollars of producing x units of a commodity is:

C(x)= 920 + 2x - .02x2 + .00007x3

a) use the marginal analysis to estimate the cost of the 95th unit

b) what is the actual cost of the 95th unit?

Please explain in step by step

actual cost : c(x) - c(x) = ? is c(95) - c(94) = correct?

I am getting a different answer

Thank you

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