Answer:
1
Step-by-step explanation:
We have the function
and we want to know the value of .
The first step is to find ; we can subtract 1 from it at the end! But what does
mean?
Basically, we're saying <em>"what is the value of the function when </em><em> ?"</em>
So, we simply replace with 3 in the function, and we get:
.
Finally, we subtract 1 to find .
Answer:
The total cost of producing 91 units of ACME rocket fuel is $3999.99.
Step-by-step explanation:
The Marginal Cost is given by the following function
The total cost function is the integrative of the marginal cost function. So:
In which K, the integrative constant, is the fixed cost. So .
1. Find the total cost of producing 91 units of ACME rocket fuel.
This is TC(91).
So
The total cost of producing 91 units of ACME rocket fuel is $3999.99.