Consider a cost function of the form Calculate MC 1 000 20

Last updated: 10/10/2023

Consider a cost function of the form Calculate MC 1 000 20 000 980x x for 0 x 1 000 for x 1 000 In an attempt to calculate the marginal cost at x 1 000 economists have devised the formula MC 1 000 lim C x lim C x 2 x 1 000 x 1 000 Provide your answer below C x 0