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Suppose that the marginal cost for a certain product is given by , where x is in thousand of units and cost is in thousands of dollars. Suppose further that fixed costs are $200,000. Find
. Round your answer to three decimal places, if necessary.
Sensorimotor Need
The requirement for interaction and feedback from the environment to develop and refine motor skills and perceptions.
Self-Stimulation
The action of stimulating oneself, especially in the context of learning or exploring one's own body.
Sensorimotor Stage
The first stage in Piaget's theory of cognitive development, where infants learn through interacting with their environment using senses and motor actions.
Piaget
Swiss psychologist known for his pioneering work in child development, particularly regarding cognitive development and the stages of learning in children.
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