* I posted this before, but I left out the equation, sorry.
A company estimates that the marginal cost (in dollars per item) of producing x items is 2.08x-0.002x.
If the cost of producing one item is $531 find the cost of producing 100 items.
Please round the answer to the nearest hundredth.
To find the cost of producing 100 items, we need to substitute the value of x as 100 into the equation for marginal cost.
The given equation for marginal cost is: 2.08x - 0.002x.
Substituting x as 100, we get:
Cost = 2.08(100) - 0.002(100)
= 208 - 0.2
= 207.8
So, the cost of producing 100 items is $207.8 when rounded to the nearest hundredth.