A company's marginal cost function is MC(x) (given below), where x is the number of units. Find the total cost of the first hundred units (x = 0 to x = 100). (Round your answer to the nearest cent.) -0.02x MC(x) = 2e

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...
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A company's marginal cost function is MC(x) (given below), where x is the number of units. Find the total cost of the first hundred units (x = 0 to x = 100). (Round
your answer to the nearest cent.)
MC(x) = 2e-0.02x
$86.46
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Transcribed Image Text:A company's marginal cost function is MC(x) (given below), where x is the number of units. Find the total cost of the first hundred units (x = 0 to x = 100). (Round your answer to the nearest cent.) MC(x) = 2e-0.02x $86.46 Need Help? Read It
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