Question: The marginal cost function associated with producing x widgets is given by C'(X) = -0.4x + 55 where C'(x) is measured in dollars/unit and x

The marginal cost function associated with producing x widgets is given by C'(X) = -0.4x + 55 where C'(x) is measured in dollars/unit and x denotes the number of widgets. If the dally fixed costs Incurred In the production is $500, compute the total cost incurred in p units of the day. dollars

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

1. The marginal cost function associated with producing x widgets is given by C' ( x ) = 0.4 x + 30 where C' ( x ) is measured in dollars/unit and x denotes the number of widgets. If the daily fixed...

Question 17 1 pts The marginal cost function associated with producing x widgets is given by C' (2) = -0.6x + 55 where C' (a) is measured in dollars/unit and a denotes the number of widgets. If the...

9. [-/1 Points] DETAILS MY NOTES Math 110 Course Resources - Definite Integrals Course Packet on the Fundamental Theorem of Calculus The marginal cost function associated with producing x widgets is...

Please help! Really struggling thank you!! The marginal cost function associated with producing x widgets is given by C'(x) = -0.6x + 45 where C'(x) is measured in dollars/unit and x denotes the...

The marginal cost function associated with producing x widgets is given by C'(x) = -0.6x + 35 where C'(x) is measured in dollars/unit and x denotes the number of widgets. Compute the total cost...

/1 Points] DETAILS Math 110 Course Resources Definite Integrals Course Packet on the Fundamental Theorem of Calculus The marginal cost function associated with producing x widgets is given by (x) =...

Math 110 Course Resources Definite Integrals Course Packet on the Fundamental Theorem of Calculus The marginal cost function associated with producing x widgets is given by C'(x) = -0.4x + 30 where...

6. [-/1 Points] DETAILS MY NOTES Math 110 Course Resources - Definite Integrals Course Packet on the Fundamental Theorem of Calculus Compute the area of the region under the graph of f(x) = e-*/3...

7. [11 Points] DETAILS MY NOTES Suppose 9(0) = 6 and g'(x) is given by the following graph' y Compute each of the following values: (5) 9(4) = (b) 9(5) = ] (C) 9(6) = 8. [-l1 Points] DETAILS MY NOTES...

The cost data and the production data for MADALI LANG TO Company for the month of May were as follows: Cost Data: Work in process, May 1: Costs added this month: Production Data: Work in process, May...

You need to construct a rectangular closed top container (cuboid shaped) to store a volume of 20 m. The length of its base is twice the width. Material for base and top costs 10 Euro per m. Material...

What is a financial plan for an automotive product program? Describe its three important purposes and describe the contents of the financial plan.

Problem#2 The sodium content of twenty 300-gram boxes of organic cornflakes was determined. The data (in milligrams) are as follows: 131.15, 130.69, 130.91, 129.54, 129.64, 128.77, 130.72, 128.33,...

Comparative Dividend Information In evaluating companies for possible investment alternatives, Sarah acquired the following data on Buggy Whip Corporation and Ace Computer Company: a. What amount of...

Shareholder Claims Tronic Corporation has financed its operations through a combination of debt and equity financing. The companys liabilities and stockholders equity accounts are as follows: Tronic...

Analysis of Stock Dividend The stockholders equity section of the balance sheet of Tropic Company at December 31, 2000, contained the following balances: If Tropic declares a 5 percent stock dividend...