Refer to Exercise. Use the formula for C(x) to show directly that C(x + 1) − C(x) = 12. Interpret your result as it pertains to the marginal cost.
Marginal Cost Let C(x) = 12x + 1100 denote the total cost (in dollars) of manufacturing x units of a certain commodity per day.
(a) What is the total cost if the production is set at 10 units per day?
(b) What is the marginal cost?
(c) Use (b) to determine the additional cost of raising the daily production level from 10 to 11 units.
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