The Average Cost of Producing X Units of a Commodity $C(x)=20.4-0.0007 x$

question 69

Short Answer

The average cost of producing x units of a commodity is given by the equation $C(x)=20.4-0.0007 x$ .
Find the marginal cost at a production level of 1,255 units.

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Identifiable Good

A distinct item of personal property that can be recognized individually, as opposed to being a fungible part of a larger quantity.

Gift Irrevocable

A gift that, once given, cannot be taken back or annulled by the donor.

Inter Vivos

Latin for "between the living," refers to actions or gifts made during one's lifetime, as opposed to those made upon death.

Certificate Of Title

An official document that declares the legal owner of a piece of property, such as a vehicle or real estate.