MC = 0.003x^2 -0.6x +40 , where x is the number of units of a product . if x increases from 100 to 200 units , find the total cos
in Calculus Answers by

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

2 Answers

by Level 10 User (57.4k points)

To find the total increase in cost, we need to calculate the difference between the total cost of producing 200 units and the total cost of producing 100 units.

The total cost function (TC) is the integral of the marginal cost function (MC), so we can find the total cost of producing x units by integrating MC with respect to x:

TC = ∫ MC dx

Integrating MC, we get:

TC = 0.001x^3 + 0.3x^2 + 40x + C

where C is the constant of integration.

To find C, we need to know the total cost of producing some number of units. Let's assume that the total cost of producing 100 units is $5000:

5000 = 0.001(100)^3 + 0.3(100)^2 + 40(100) + C

Solving for C, we get:

C = 5000 - 100 + 0.03 + 40,000

C = 44,900

So the total cost function is:

TC = 0.001x^3 + 0.3x^2 + 40x + 44,900

Now we can calculate the total cost of producing 100 units and 200 units:

TC(100) = 0.001(100)^3 + 0.3(100)^2 + 40(100) + 44,900 = $50,900

TC(200) = 0.001(200)^3 + 0.3(200)^2 + 40(200) + 44,900 = $86,300

The total increase in cost is the difference between TC(200) and TC(100):

TC(200) - TC(100) = $86,300 - $50,900 = $35,400

Therefore, the total increase in cost is $35,400.

 

by

Related questions

1 answer
Welcome to MathHomeworkAnswers.org, where students, teachers and math enthusiasts can ask and answer any math question. Get help and answers to any math problem including algebra, trigonometry, geometry, calculus, trigonometry, fractions, solving expression, simplifying expressions and more. Get answers to math questions. Help is always 100% free!
87,550 questions
99,628 answers
2,417 comments
440,715 users