Answered: Find the total cost function C

Math

Calculus

Find the total cost function C

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter2: Graphical And Tabular Analysis

Section2.1: Tables And Trends

Problem 1TU: If a coffee filter is dropped, its velocity after t seconds is given by v(t)=4(10.0003t) feet per...

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

A company determined that the marginal cost,

C′(x)

of producing the xth unit of a product is given by

C′(x)=x^3−4x.

Find the total cost function C, assuming that C(x) is in dollars and that fixed costs are

$7000.

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