Suppose that the monthly cost in dollars of producing x

Last updated: 10/31/2023

Suppose that the monthly cost in dollars of producing x chairs is C x 0 006x 0 07x 19x 700 and currently 70 chairs are produced monthly a What is the current monthly cost b What is the marginal cost when x 70 c Use the result from part b to estimate the monthly cost of increasing production to 72 chairs per month d What would be the actual additional monthly cost of increasing production to 72 chairs monthly