In an extensive study of cost functions for 40 firms in Great Britain, it was found that if is the output (in millions of units) and is the total cost (in thousands of pounds of sterling), then the cost function is similar to the following:
Compute the marginal costs when million units have been produced.
The marginal costs at million units is (Enter a number only, including a negative sign, if appropriate.)
The proper units are:
The marginal costs at million units is (Enter a number only, including a negative sign, if appropriate.)
The proper units are: