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    Integrals, Marginal Cost Function and Marginal Profit

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    The marginal cost function of producing q mountain bikes is
    a) If the fixed cost in producing the bicycles is $2000, find the total cost to produce 30 bicycles
    b) If the bikes are sold for $200 each, what is the profit (or loss) on the first 30 bicycles
    c) Find the marginal profit on the 31st bicycle.

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    Solution Summary

    Integrals, Marginal Cost Function and Marginal Profit are investigated. The solution is detailed and well presented.