Solve the problem.
-In deciding whether or not to set up a new manufacturing plant, analysts for a popcorn company have decided that a linear function is a reasonable estimation for the total cost C(x)in dollars to Produce x bags of microwave popcorn. They estimate the cost to produce 10,000 bags as $5240 and The cost to produce 15,000 bags as $7540. Find the marginal cost of the bags of microwave popcorn To be produced in this plant.
A)$46.00
B)$4.60
C)$0.46
D)$2300.00

Question

Quizplus · Accepted Answer

The marginal cost is found by calculating the slope of the line connecting the two points (10,000, $5240) and (15,000, $7540). The slope (m) is given by the formula m = (y2 - y1) / (x2 - x1). Substituting the given values, we get m = ($7540 - $5240) / (15,000 - 10,000) = $2300 / 5000 = $0.46. This represents the cost to produce one additional bag of popcorn.

Solve the Problem. -In Deciding Whether or Not to Set Up a New