Find the total cost function C x in thousands of dollars if the marginal cost...
60.1K
Verified Solution
Link Copied!
Question
Basic Math
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: Zin AI - Your personal assistant for all your inquiries!