Business, 02.03.2020 22:11 FloweyFlower

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 Upper C (x )equals x squared minus 160 x plus 8600.C(x) = x2−160x+8600. A. How many players should be produced to minimize the marginal cost? B. What is the minimum marginal cost? A. To minimize the marginal cost, nothing thousand mp3 players should be produced. B. The minimum marginal cost is $nothing.

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