Chapter 12.4, Problem 1E

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

In Problems 1-12, cost, revenue, and profit are in dollars and x is the number of units.

If the daily marginal cost for a product is

To determine

**To calculate:** The total cost function for each day if

Explanation

**Given information:**

The daily marginal cost for a product is,

**Formula used:**

Total Cost:

Where

The integral formula,

Where *K* is a constant

**Calculation:**

Consider the marginal cost and fixed costs:

Use the formula,

Substitute

Use the integral formula

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