Asked by shima
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
Answered by
Reiny
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
c = (.08/3) q^3 - .9 q^2 + 2.5q + 5000
plug in 1000 for q
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