Solve the Problem. -A Pen Manufacturer Determined That the Total Cost in Dollars

question 3

Multiple Choice

Solve the problem.
-A pen manufacturer determined that the total cost in dollars of producing x dozen pens in one day is given by:
c(x) = 0 ≤ x ≤ 100
Find the marginal cost at a production level of 70 dozen pens and interpret the result.

• A) The marginal cost is $0.60/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.60.
• B) The marginal cost is $0.59/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.59.
• C) The marginal cost is $0.62/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.62.
• D) The marginal cost is $0.58/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.58.

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Definitions:

Power Distance

The extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

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A leadership style that focuses on building trust, encouragement, and empathy within a team or organization.

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