Chapter 12, Problem 41RE

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

** Cost** The marginal cost for a product is

(a) Find the fixed costs.

(b) Find the total cost function.

**(a)**

To determine

**To calculate:** The fixed costs if

Explanation

**Given information:**

It is provided that

**Formula used:**

Total Cost,

Where

**Calculation:**

Consider the marginal cost,

Use the total cost formula as,

**(b)**

To determine

**To calculate:** The total cost function if

Sect-12.1 P-1CPSect-12.1 P-2CPSect-12.1 P-1ESect-12.1 P-2ESect-12.1 P-3ESect-12.1 P-4ESect-12.1 P-5ESect-12.1 P-6ESect-12.1 P-7ESect-12.1 P-8E

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