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Textbook Expert
Textbook ExpertVerified Tutor
23 Nov 2021

Given information

The marginal cost is and the fixed start-up cost is .

The quatity of fabric that is to be produced is 2000 units.

Step-by-step explanation

Step 1.

Net Change Theorem states that the integral of the rate of change is the net change, that is, .

Use net change theorem to obtain where and to find the cost of producing the first 2000 units, that is, .

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