Asked by Sara
Suppose a publishing company has found that the marginal cost at a level of production of x thoudsand books is given by:
C'(x)=50/sqrroot(x)
and the fixed cost is $25,000. Find the cost function C(x).
C= INT C'= INT 50/sqrtx= 100 sqrtx + F where F is the fixed cost at x=0
C'(x)=50/sqrroot(x)
and the fixed cost is $25,000. Find the cost function C(x).
C= INT C'= INT 50/sqrtx= 100 sqrtx + F where F is the fixed cost at x=0
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