Step 1 :
\(a)
\The function is
Marginal cost function is the derivative of cost function.
\Differentiate with respect to x.
The marginal cost function is .
Step 2 :
\(b)
\Substitute in
.
The marginal cost at the production level of 200 is $ 32/yard.
\ means the cost of producing 201st yard.
Step 3 :
\(c)
\The actual cost of producing the item.
\Solution :
\(a)
(b) $ 32/yard ; means the cost of producing 201st yard
(c) $ 32.20.