The total cost in dollars to produce q units of a product is C(q). Fixed costs are
Chapter 5, Problem 7(choose chapter or problem)
The total cost in dollars to produce q units of a product is C(q). Fixed costs are $20,000. Themarginal cost is C(q) = 0.005q2 q + 56. (a) On a graph of C(q), illustrate graphically the total variable cost of producing 150 units. (b) Estimate C(150), the total cost to produce 150 units. (c) Find the value of C(150) and interpret your answer in terms of costs of production. (d) Use parts (b) and (c) to estimate C(151).
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