Answers to Select Questions from Section 2

Answers to Select Questions from Section 2 - Calculating...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Answers to Select Questions from Section 2.5 1b. The 101 st barrel costs $3 to produce. 3. Marginal Cost is the “rate of change” so the steepest slope has the highest marginal cost. 5. My points on the tangent line were (0,6250) and (900;20,000).
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Calculating the slope gave me $15.28/unit. So when the number of units produced is 600 the units are returning revenue of $15.28/unit (e.q. selling for $15.28/unit)....
View Full Document

This note was uploaded on 06/15/2011 for the course MATH 122 taught by Professor Kustin during the Spring '08 term at South Carolina.

Ask a homework question - tutors are online