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If the Cost of Mining X Kg of Gold Is

Question 111

Multiple Choice

If the cost of mining x kg of gold is C(x) = A + Bx + C If the cost of mining x kg of gold is C(x)  = A + Bx + C   dollars where A, B, and C are positive constants, which of the following statements is true for a given positive value of x? A)  The marginal cost C'(x)  is greater than the cost C(x + 1)  - C(x)  of mining 1 more kg. B)  The marginal cost C'(x)  is less than the cost C(x + 1)  - C(x)  of mining 1 more kg. C)  The marginal cost C'(x)  is equal to the cost C(x + 1)  - C(x)  of mining 1 more kg. D)  There is not enough information to make any conclusion. E)  None of the above dollars where A, B, and C are positive constants, which of the following statements is true for a given positive value of x?


A) The marginal cost C'(x) is greater than the cost C(x + 1) - C(x) of mining 1 more kg.
B) The marginal cost C'(x) is less than the cost C(x + 1) - C(x) of mining 1 more kg.
C) The marginal cost C'(x) is equal to the cost C(x + 1) - C(x) of mining 1 more kg.
D) There is not enough information to make any conclusion.
E) None of the above

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