The marginal cost of a product can be thought of as the cost of producing one additional unit of output. for example, if the marginal cost of producing the 50th product is $6.20, it cost $6.20 to increase production from 49 to 50 units of output. suppose the marginal cost c (in dollars) to produce x thousand mp3 players is given by the function upper p (x )equals x squared minus 120 x plus 8600. a. how many players should be produced to minimize the marginal cost?

60 players should be produced to minimize the marginal cost

Step-by-step explanation:

Following the problem instructions, the marginal cost function is:

Then, to find the x players at would has its minimum value, we have to find the first derivative as follows:

And the minimum value is determined when:

Then, we solve for x, and these would be the players produced to minimize the marginal cost:

That means at least 60 thousand players must be produced in order to minimize the marginal cost.

here is the

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