The marginal cost C′(q) (in dollars per unit) of producing q units is given in the following table.
q | 0 | 100 | 200 | 300 | 400 | 500 | 600 |
C′(q) | 26 | 22 | 20 | 26 | 33 | 38 | 46 |
Round your answers to the nearest integers.
(a) If fixed cost is $17,000, estimate the total
cost of producing 400 units.
The cost of producing 400 units is:
(b) To the nearest dollar, how much would the
total cost increase if production were increased one unit, to 401
units?
The total cost increase if production were increased one unit is
:
.
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