Question
Find the cost function if the marginal cost function is dC/dx=2x-15 and fixed costs are $75.
Answers
MathMate
From the marginal cost function, integrate with respect to the quantity x.
The integration constant is $75.
dC/dx = 2x-15
C(x)=∫(2x-15)dx = x²-15x + fixed cost
=x²-15x+75
The integration constant is $75.
dC/dx = 2x-15
C(x)=∫(2x-15)dx = x²-15x + fixed cost
=x²-15x+75