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2 years ago

Marginal cost At a certain factory the marginal cost is 3(q-4)^2 dollars per unit when the level of production is q units.

Mathematics

1 answer:

viktelen [127]2 years ago

7 0

Answer:

a.) C(q) = -(1/4)*q^3 + 3q^2 - 12q + OH b.) $170

Step-by-step explanation:

(a) Marginal cost is defined as the decrease or increase in total production cost if output is increased by one more unit. Mathematically:

Marginal cost (MC) = change in total cost/change in quantity

Therefore, to derive the equation for total production cost, we need to integrate the equation of marginal cost with respect to quantity. Thus:

Total cost (C) = Integral [3(q-4)^2] dq = -(1/4)*(q-4)^3 + k

where k is a constant.

The overhead (OH) = C(0) = -(1/4)*(0-4)^3 + k = -16 + k

C(q) = -(1/4)*(q^3 - 12q^2 + 48q - 64) + k = -(1/4)*q^3 + 3q^2 - 12q -16 + k

Thus:

C(q) = -(1/4)*q^3 + 3q^2 - 12q + OH

(b) C(14) = -(1/4)*14^3 + 3*14^2 - 12*14 + 436 = -686 + 588 - 168 + 436 = $170

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Answer:

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Length of Photo = 4in

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Value of X = ?

Solution:

Follow these steps:

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2 years ago

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2 years ago

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djyliett [7]

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Step-by-step explanation:

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