The marginal cost function for a company is given by C'(q) = q 2 16q +

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The marginal cost function for a company is given by

C'(q) = q² − 16q + 70 dollars/unit,

where q is the quantity produced. If C(0) = 500, find the total cost of producing 20 units. What is the fixed cost and what is the total variable cost for this quantity?

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Mar 31, 2023 02:41 AM

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The marginal cost function for a company is given by C'(q) = q 2 16q +

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Since C0 500 the fixed cost must be 500 The total vari...View the full answer

Applied Calculus

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