A company estimates that the marginal cost (in dollars per item) of producing x items is . If the cost of producing one item is $531 find the cost of producing 100 items.
Please round the answer to the nearest hundredth.
Am I reading this wrong or would you not even have to round it to the nearest .0x?
$531 x 100 items = $53,100
I know if someone points out how I misread this, I will feel silly.
Matt
Am I reading this wrong or would you not even have to round it to the nearest .0x?
$531 x 100 items = $53,100
I know if someone points out how I misread this, I will feel silly.
Matt
You read the question correctly. The cost of producing 100 items can be calculated simply by multiplying the cost per item ($531) by the number of items (100).
$531 x 100 = $53,100
There is no need to round the answer in this case since the result is already a whole number.