23 Nov 2021
Problem 1
Page 479
Section 6.7: Applications to Economics and Biology
Chapter 6: Application of Integration
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, .