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SOLVED: Calculus: A Powerful Tool Used in EconomicsOne of the initial application areas in the study of firms is the topic of microeconomics. An important function in this field is the cost function, which represents the cost of producing items that are being sold. This question deals with the cost function C(x), where x represents the number of units being produced.Problem Set Question:The cost, in dollars, of producing a certain item is given by C(x) = 10x √r. Find the production level that
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