Total cost from marginal cost. Belvedere, Inc., determines that the marginal cost, C ' of producing the thermos is given by C ' ( x ) = x 3 − 2 x . Find the total-cost function, C, assuming that C ( x ) is in dollars and that fixed costs are $ 7000 .
Total cost from marginal cost. Belvedere, Inc., determines that the marginal cost, C ' of producing the thermos is given by C ' ( x ) = x 3 − 2 x . Find the total-cost function, C, assuming that C ( x ) is in dollars and that fixed costs are $ 7000 .
Solution Summary: The author calculates the total cost function, C assuming that C(x) is in dollars and that fixed costs are 7000
If the price in dollars of a stereo system is given by p(q) =
20.
What is the formula for the revenue function?
A. R(q) =
q
B. R(q) =p'q
c. R(q) = pq
D. R(q) =p'p
The marginal revenue for the given demand is $
3600
+ 1000, where q represents the demand for the product, find the marginal revenue when the demand is
The marginal revenue function of a good is given by
MR = 275 – x – 0.3x². Find the percent of
increment in the manufacturer's total revenue if the
production is increased from 10 to 20 units.
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