The marginal cost function of manufacturing x units of a product is 5+16x – 3x2 . The total cost of producing 5 items is GHC500. Find the total cost
Question
Solution 1
To find the total cost of manufacturing x units of a product, we need to integrate the marginal cost function. The marginal cost function is the derivative of the total cost function, so to find the total cost function, we integrate the marginal cost function.
The marginal cost function is 5 + 16x Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
The marginal cost function of manufacturing x units of a product is 5+16x – 3x2 . The total cost of producing 5 items is GHC500. Find the total cost
The marginal cost function for producing x units is 3x2 – 200x +1500 rupees. Find the increase in cost if production is increasedfrom 90 to 100 units.
The total cost of producing a certain good is given by TC=300ln(q+30)+150. Find the marginal cost (MC) and the avarage cost (AC) functions.
Workers: 0, 1, 2, 3, 4, 5, 6, 7 Output: 0, 20, 50, 90, 120, 140, 150, 155 Marginal product: ? Total cost: Average total cost: Marginal cost:
43.Under the Marginal cost pricing, the price is determined on the basis of; A. Fixed cost B. Variable cost C. Total cost D. Average cost
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.