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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
16 Oct 2021

Given information

The cost of producing  units of a certain commodity is .

(i) changes from  to .

(ii) changes from   to .

Step-by-step explanation

Step 1.

The average rate of change of  with respect to  is given by .

 

(i) Since  changes from  to  so,  and  .

 

Substitute 105 for and 100 for into and simplify.

 

      

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