Paganellash
2021-12-04
The following is the cost function for producing a commodity:
Compare C’(100) with the cost of producing the 101st item.
Coon2000
Beginner2021-12-05Added 15 answers
(marginal cost)
Increase in cost as x=100 units
C'(100)=19
Cost of 101st item:
C'(100) is roughly equal to the increase in production costs for the 101st item.
Result:
C'(100) is approximately the same as the increase in cost to produce the 101st item.
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