The Cost C (In Dollars)of Producing X Units of a Product

question 29

Multiple Choice

The cost C (in dollars) of producing x units of a product is given by Find the additional cost when the production increases from 9 to 10.Round your answer to two decimal places. ​

• A) $0.58
• B) $0.36
• C) $0.62
• D) $0.12
• E) $0.64

---

Definitions:

Consumer Surplus

is the difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay.

Scented Candles

Candles infused with fragrance or essential oils that are used for aromatherapy or to create a pleasant atmosphere.

Marginal Utility

The added satisfaction or utility a consumer gains from consuming an additional unit of a good or service.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers.