Posted by **ana** on Friday, October 8, 2010 at 3:28pm.

At a production level of 1400 items, the total cost is $7250 and the marginal cost is $25. Use this information to estimate the costs of producing the following number of items. Your answers should be whole numbers.

a) 1401 items .

b) 1399 items .

c) 1450 items .

- math -
**MathMate**, Friday, October 8, 2010 at 6:57pm
I assume the "total cost" is "total fixed cost" since the marginal cost is higher than the "total cost" divided by the number of items.

So at the production level of 1400 items, total cost = total fixed cost + n*marginal cost

where n=number of items to be produced,

marginal cost = $25, and

total fixed cost = $7250

## Answer This Question

## Related Questions

- Math - average rate problems(check + help) - The total cost, c, in dollars of ...
- math - The function gives the cost to manufacture x items. C(x) = 20,000 + 5x &#...
- Calculus - A company manufactures x units of one item and y units of another. ...
- MATH - You wish to mentally estimate the total cost of items that have the ...
- math - The average cost of manufacturing a quantity q of a good, is defined to ...
- calculus - The total cost of producing x units is C(q) = 2q3- 6q2-18q+108 (a) At...
- math - * I posted this before, but I left out the equation, sorry. A company ...
- math/economics in calculus - The average cost of manufacturing a quantity q of a...
- Math - Can anyone help me with this? The marginal cost for items in dollars is ...
- FINANCIAL MATHEMATICS - The variable costs associated with a certain process ...

More Related Questions