Question

A manufacturer estimates that when units of a particular commodity are produced, the
total cost will be
( )
dollars, and furthermore, that all units will be sold when the
price is ( )
( ) dollars per unit.
a. Find the marginal cost and the marginal revenue.
b. Use marginal cost to estimate the cost of producing the ninth unit.
c. What is the actual cost of producing the ninth unit.
d. Use marginal revenue to estimate the revenue derived from the sale of the ninth unit.
e. What is the actual revenue derived from the sale of the ninth unit?

Answer 1

Answer:

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