Math Problem Statement
Solution
To solve this problem:
We are given the marginal cost function and the fixed cost is . The total cost function can be found by integrating the marginal cost function and then adding the fixed cost.
Step 1: Integrate
The total cost function is the integral of the marginal cost function:
So,
Step 2: Compute the integral term by term
Thus,
Step 3: Add the fixed cost
Now include the fixed cost of 600:
Final Answer:
Let me know if you'd like a detailed breakdown of any of the steps.
Related Questions:
- How do you calculate fixed costs from a total cost function?
- What is the economic interpretation of marginal cost?
- How do you verify integration results for accuracy?
- What happens to total costs if marginal cost is constant?
- Can marginal cost functions involve trigonometric terms?
Tip:
Always double-check the constants when solving integration problems involving fixed costs, as they significantly affect the final total cost function.
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Math Problem Analysis
Mathematical Concepts
Calculus
Integration
Cost Functions
Formulas
MC(q) = dC(q)/dq
C(q) = ∫MC(q)dq + Fixed Cost
Theorems
Fundamental Theorem of Calculus
Suitable Grade Level
Undergraduate Economics or Calculus Level
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