Lorimar Watch Company manufactures travel clocks. The daily marginal cost function associated with producing these clocks is
where
is measured in dollars/unit and
denotes the number of units produced. Management has determined that the daily fixed cost incurred in producing these clocks is $140. Find the total cost incurred by Lorimar in producing the first 300 travel clocks/day.
A) $2,216
B) $815
C) $42,000
D) $2,076
E) $1,340
Correct Answer:
Verified
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