SOLUTION: The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For example, if the marginal cost of producing the 50th product is $
Algebra ->
Customizable Word Problem Solvers
-> Misc
-> SOLUTION: The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For example, if the marginal cost of producing the 50th product is $
Log On
Question 1138947: The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For example, if the marginal cost of producing the 50th product is $6.20, it cost $6.20 to increase production from 49 to 50 units of output. Suppose the marginal cost C (in dollars) to produce x thousand mp3 players is given by the function C(x)=x^2-160x+7800.
A. How many players should be produced to minimize the marginal cost?
B. What is the minimum marginal cost? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! The x-value of the minimum is
A.
80 thousand players produced minimize marginal cost
B.
Min marginal cost is $1,400
--------------------------------
Here's the plot:
