Question
3) The marginal cost for producing x items can be given by the formula: C ′...
3) The marginal cost for producing x items can be given by the formula: C ′ ( x ) = 350 − 0.18 x. Find the total cost function if the cost of making 300 items is known to be $97,400.
a) What are the fixed costs?
b) How much would it cost to make 500 items?
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