Question
1. The marginal cost function associated with producing x widgets is given by C' ( x ) = 0.4 x + 30 where C' (
1. The marginal cost function associated with producing x widgets is given by C'(x) = 0.4x + 30 where C'(x) is measured in dollars/unit and x denotes the number of widgets. If the daily fixed costs incurred in the production is $600, compute the total cost incurred in producing the first 100 units of the day. _______dollars
2. The marginal cost function associated with producing x widgets is given by C'(x) = 0.4x + 60 where C'(x) is measured in dollars/unit and x denotes the number of widgets. Compute the total cost incurred from producing the 11th through 30th units of the day. _________dollars
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