Solve the problem.
-A pen manufacturer determined that the total cost in dollars of producing x dozen pens in one day is given by: Find the marginal cost at a production level of 70 dozen pens and interpret the result.
A) The marginal cost is $0.59/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.59.
B) The marginal cost is $0.60/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.60.
C) The marginal cost is $0.58/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.58.
D) The marginal cost is $0.62/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.62.

Question

Solve the problem.
-A pen manufacturer determined that the total cost in dollars of producing x dozen pens in one day is given by:  Find the marginal cost at a production level of 70 dozen pens and interpret the result.
A) The marginal cost is $0.59/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.59. 
B) The marginal cost is $0.60/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.60. 
C) The marginal cost is $0.58/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.58. 
D) The marginal cost is $0.62/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.62.

Quizplus · Accepted Answer

The Answer of Solve the problem.
-A pen manufacturer determined that the total cost in dollars of producing x dozen pens in one day is given by:  Find the marginal cost at a production level of 70 dozen pens and interpret the result.
A) The marginal cost is $0.59/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.59. 
B) The marginal cost is $0.60/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.60. 
C) The marginal cost is $0.58/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.58. 
D) The marginal cost is $0.62/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen pens is approximately $0.62.

Solve the Problem. -A Pen Manufacturer Determined That the Total Cost in Dollars