Question: The marginal cost function for a company is given by C(q)=q 2 16q+70dollars/unit, whereqis the quantity produced. IfC(0)=650, find the total cost of producing20units.What is

The marginal cost function for a company is given by

C(q)=q216q+70dollars/unit, whereqis the quantity produced.

IfC(0)=650, find the total cost of producing20units.What is the fixed cost and what is the total variable cost for this quantity?

Fixed cost=

Variable Cost of producing20 units=

Total cost of producing20units=

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