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 fiftieth product is $6.30, then it cost $6.30 to increase production from 49 to 50 units of output. Suppose that the marginal cost C (in dollars) to produce x digital cameras is given by Upper C (x) equals 0.03 x squared minus 3 x plus 240C (x) = 0.03x2-3x+240. How many digital cameras should be produced to minimize marginal cost? What is the minimum marginal cost?
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