Suppose that the total cost (in dollars) for a product is given by
, where x is the number of units produced. Find the marginal cost when 500 units are produced, and interpret your result. Round your answer to the nearest cent.
A) $0.80. It will cost approximately $0.80 to make the 501st unit.
B) $0.31. It will cost approximately $0.31 to make the 501st unit.
C) $0.40. It will cost approximately $0.40 to make the 501st unit.
D) $380.95. It will cost approximately $380.95 to make the 501st unit.
E) $1.00. It will cost approximately $1.00 to make the 501st unit.
Correct Answer:
Verified
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