Find the total cost function C x in thousands of dollars if the marginal cost...

60.1K

Verified Solution

Question

Basic Math

image

Find the total cost function C x in thousands of dollars if the marginal cost in thousands of dollars per unit at a production level of x units is C x c 0 20 COCO Which of the following explains how to find C x the total cost function if the marginal cost at a production level of x units is C x A To find the total cost function evaluate the indefinite integral of the marginal cost and apply the initial conditions c 0 20 Therefore C x Type an exact answer B To find the total cost function evaluate the derivative of the marginal cost and apply the initial conditions c 0 20 Therefore C x 8x 5 0 x 4 and fixed costs are 20

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students