Explanation Given information: Marginal cost function of a product is C ' ( q ) = 0.03 q + 0.1 dollars And fixed costs = $ 15 , 100 Concept used: If F ' ( t ) , is continuous for a ≤ t ≤ b , then ∫ a b F ' ( t ) d t = F ( b ) − F ( a ) . Calculation: We know that if C ' ( q ) is the marginal cost function and C ( 0 ) is the fixed costs, then Total cost of producing b units = Fixed costs + Total variable costs . Total Cost = C ( 0 ) + ∫ 0 b C ' ( q ) d q Where ∫ 0 b C ' ( q ) d q is the total variable cost to produce b units

6th Edition

ISBN: 9781119275565

Author: Hughes-Hallett

Publisher: WILEY

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Chapter 5, Problem 46SYU

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To indicate:

Whether the statement “If the marginal cost function of a product is C'(q)=0.03q+0.1 dollars, andthe fixed costs are $1500, then the total cost to produce 1000 items is $15,100 .” is true or false.

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Chapter 5, Problem 45SYU

Chapter 5, Problem 47SYU

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5. Use variation of parameters to find the general solution to the differential equation: y" - 6y' + 9y=e3x Inx

Chapter 5 Solutions

APPLIED CALCULUS-PRINT COMPANION (LL)

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To indicate: Whether the statement “If the marginal cost function of a product is C ' ( q ) = 0.03 q + 0.1 dollars , andthe fixed costs are $ 1500 , then the total cost to produce 1000 items is $ 15 , 100 .” is true or false.

Solution Summary: The author explains whether the statement "If the marginal cost function of a product is C'(q)=0.03q+0.1 dollars and the fixed costs are

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To indicate:

Whether the statement “If the marginal cost function of a product is C'(q)=0.03q+0.1 dollars, andthe fixed costs are $1500, then the total cost to produce 1000 items is $15,100 .” is true or false.

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Chapter 5 Solutions

To indicate: Whether the statement “If the marginal cost function of a product is C ' ( q ) = 0.03 q + 0.1 dollars , andthe fixed costs are $ 1500 , then the total cost to produce 1000 items is $ 15 , 100 .” is true or false.

Solution Summary: The author explains whether the statement "If the marginal cost function of a product is C'(q)=0.03q+0.1 dollars and the fixed costs are

Concept explainers

Videos

To indicate: Whether the statement “If the marginal cost function of a product is C'(q)=0.03q+0.1 dollars, andthe fixed costs are $1500, then the total cost to produce 1000 items is $15,100 .” is true or false.

Want to see the full answer?

Chapter 5 Solutions

To indicate:

Whether the statement “If the marginal cost function of a product is C'(q)=0.03q+0.1 dollars, andthe fixed costs are $1500, then the total cost to produce 1000 items is $15,100 .” is true or false.