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.
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