MC is the rate of change of the cost, C. So,
C(x) = ∫0.001x^2-0.5x+66.5 dx
(a) ∫[200,400] 0.001x^2-0.5x+66.5 dx = 1966.67
(b) (C(330)-C(0))/330
The marginal cost for producing x units of a certain product is given by the formula MC = 0.001x^2-0.5x+66.5.
A. What is the increase in the cost of the production if the production level is raised from 200 to 400 units?
B. What is the average cost per item of producing 330 items.
1 answer
1 answer