A company manufactures mountain bikes. The research department produced the marginal cost function C'(x)=500-3.0≤x≤900, where C'(x) is in dollars and x is the number of bikes produced per month. Compute the increase in cost going from a production level of 450 bikes per month to 600 bikes per month. Set up a definite integral and evaluate it. The increase in cost is $.
A company manufactures mountain bikes. The research department produced the marginal cost function C'(x)=500-3.0≤x≤900, where C'(x) is in dollars and x is the number of bikes produced per month. Compute the increase in cost going from a production level of 450 bikes per month to 600 bikes per month. Set up a definite integral and evaluate it. The increase in cost is $.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section12.4: Costs In The Short Run And In The Long Run
Problem 4QQ
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![A company manufactures mountain bikes. The research department produced the marginal cost function C'(x)=500-3, 0≤x≤ 900, where C'(x) is in dollars and x is the number of bikes produced per month. Compute the increase in cost going from a
production level of 450 bikes per month to 600 bikes per month. Set up a definite integral and evaluate it.
←
The increase in cost is $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F29d54fbe-754d-444a-bf9a-79c7a256a9c8%2Ff9a2ae19-ed0f-4db2-a1d9-d90dc0c39927%2F5k5k8f_processed.png&w=3840&q=75)
Transcribed Image Text:A company manufactures mountain bikes. The research department produced the marginal cost function C'(x)=500-3, 0≤x≤ 900, where C'(x) is in dollars and x is the number of bikes produced per month. Compute the increase in cost going from a
production level of 450 bikes per month to 600 bikes per month. Set up a definite integral and evaluate it.
←
The increase in cost is $
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