Question

The marginal cost function is given by dc/dq=0.08q^2-1.8q+2.5 where c is the total cost in producing q units of product. The fixed cost is 5000. Find the total cost for producing 1000 units

Answers

dc/dq=0.08q^2-1.8q+2.5

c = (.08/3) q^3 - .9 q^2 + 2.5q + 5000

plug in 1000 for q

Related Questions