Question: The marginal cost function associated with producing x widgets is given by C ' ( x ) = 0 . 4 x + 3 5
The marginal cost function associated with producing x widgets is given by
Cxx
where Cx is measured in dollarsunit and x denotes the number of widgets. If the daily fixed costs incurred in the production is $ compute the total cost incurred in producing the first units of the day.
dollars
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