C(x) is the total cost of producing x units of a particular commodity. Assume C(x)...
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C(x) is the total cost of producing x units of a particular commodity. Assume C(x) is in dollars. Use marginal cost to estimate the cost of producing the 21st unit. What is the actual cost of producing the 21st unit?C(x) = 1/2 x +57estimated cost = $20.50;actual cost = $19.50estimated cost = $20.00;actual cost $20.50estimated cost = $20.00;actual cost = $19.50estimated cost = $20.50;actual cost = $20.00
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