Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company's marginal cost function is MC(x) = and its fixed costs are 250. Find the cost function. 9x+1 Step 1 We want to
A company's marginal cost function is MC(x) = and its fixed costs are 250. Find the cost function. 9x+1 Step 1 We want to find the cost function from the marginal cost. From the text, we know that the cost is the integral of the marginal cost. The integral we need is thus C(x) = 1 dx. MC(x) dx = 9x+1 9x+1 Step 2 Since the integrand is somewhat complicated, we try a u substitution. The denominator is a good guess, so we try that first. Setting u =9x+1, we find the differential, du = 9 dx. Solving for dx, we have dx = 1/9 1/9 du. Step 3 Substituting u and du into our integral, we have the following. C(x) = dx = C(u) = . 9x+1 du
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started