The marginal cost C′(q) (in dollars per unit) of producing q units is given in the following table. The fixed cost is $15000. Choose the best estimate of the total cost of producing 300 units.
q 0 100 200 300 400 500 600
C'(q) 25 20 18 22 28 35 45
Recall that when making estimates a range of values are possible. There is only one answer choice in the reasonable range (found by calculating both a left-hand and right-hand sum).
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