Economics—Marginal Cost: The Country Day Company determines that the daily cost of producing its Garden King lawn tractor tires can be modeled by
C(x) = 100 + 40x − 0.001x2 0 ≤ x ≤ 300
where x represents the number of tires produced each day, and C(x) represents the cost in dollars. Determine MC, the marginal cost function. Evaluate MC(200) and interpret.
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