Question

Find the cost function for the marginal cost and fixed cost. Marginal Cost Fixed Cost (x = 0) 4 VX dC dx + 80 $2,200 80 C =

Answer 1

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1 ANSWER – given that dC Va dc + 80 → -x 4 + 80 dx 80 dx 80 Cost function C(x) is given by = = C(x) = dx dx 1 C(x) SI = -x4 80 + 80 dx 80 ) 1+1 Basic rule(1) S x" dx = + C n + 1 1 +1 1 x 4 = C(x) = + 80(x) + C 80 1 +1 4. 5 *- EL 1 4 = C(x) = x 4 + 80x + C 80 5 5 1 C(x) -x 4 + 80x + C 100 Given that at x = 0 → C(x) = 2200 so we get 2200 = 0 + 0 + C BC= 2200 Hence, Cost function is given by 5 1 = C(x) = -x4 + 80x + 2200 100 #Ans....