Math Problem Statement
Solution
To solve the problem, let's find the total cost to produce 40 items, , based on the provided fixed cost and marginal cost function:
Given:
- Fixed cost = $1800.
- Marginal cost function: .
Approach:
The total cost is obtained by integrating the marginal cost function and then adding the fixed cost.
Step 1: Integrate the marginal cost function
Perform the integration: where is the constant of integration.
Step 2: Apply the fixed cost
The fixed cost of $1800 is the initial total cost when no items are produced (), so:
Step 3: Evaluate
Substitute into the total cost function:
Step 4: Simplify the terms
- ,
- ,
- .
Now, sum these values:
Thus, the total cost to produce 40 items is approximately $27533.
Final Answer:
Do you have any further questions or want a deeper explanation?
Related Questions:
- How is the fixed cost used in calculating the total cost function?
- What does the marginal cost function represent in practical terms?
- Why do we integrate the marginal cost to find the total cost?
- What happens if the fixed cost is increased? How would the result change?
- How can the cost function be used to find the average cost per item?
Tip: Always verify the units (e.g., dollars, items) when solving cost problems to ensure consistency.
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Math Problem Analysis
Mathematical Concepts
Calculus
Integration
Cost Analysis
Formulas
Total Cost = ∫(Marginal Cost) + Fixed Cost
C(q) = ∫(q^2 + 10q - 90) dq + Fixed Cost
Theorems
Fundamental Theorem of Calculus
Suitable Grade Level
Grades 11-12, College level
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