A Pen Manufacturer Determined That the Total Cost in Dollars

A pen manufacturer determined that the total cost in dollars of producing x dozen pens in one day is given by:
0 c x c 100
Find the marginal cost at a production level of 70 dozen pens and interpret the result.

A) The marginal cost is $0.60/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen
pens is approximately $0.60.
B) The marginal cost is $0.59/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen
pens is approximately $0.59.
C) The marginal cost is $0.62/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen
pens is approximately $0.62.
D) The marginal cost is $0.58/doz. The cost of producing 1 dozen more pens at a production level of 70 dozen
pens is approximately $0.58.

Correct Answer:

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