In the manufacture of a product, fixed costs per week are $4000. Fixed costs are costs, such as rent and insurance, that remain constant at all levels of production during a given time. If the marginal-cost dc -= 0.000001q² – 0.25q + 0.2. dq function is (i) Compute the fixed cost of producing 10,000 kg in 1 week. (ii) Compute the total cost of producing 10,000 kg in 1 week.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
Question
In the manufacture of a product, fixed costs per week are $4000. Fixed costs are costs, such as rent
and insurance, that remain constant at all levels of production during a given time. If the marginal-cost
dc
function is
dq
0.000001q? – 0.25q + 0.2.
(i) Compute the fixed cost of producing 10,000 kg in l week.
(ii) Compute the total cost of producing 10,000 kg in 1 week.
Transcribed Image Text:In the manufacture of a product, fixed costs per week are $4000. Fixed costs are costs, such as rent and insurance, that remain constant at all levels of production during a given time. If the marginal-cost dc function is dq 0.000001q? – 0.25q + 0.2. (i) Compute the fixed cost of producing 10,000 kg in l week. (ii) Compute the total cost of producing 10,000 kg in 1 week.
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