Solved

Suppose a Company Has Estimated That the Marginal Cost of Manufacturing

Question 38

Multiple Choice

Suppose a company has estimated that the marginal cost of manufacturing x pairs of a new line of jeans is c(x) =3+0.002x+0.000006x2c ^ { \prime } ( x ) = 3 + 0.002 x + 0.000006 x ^ { 2 } (measured in dollars per pair) with a fixed start-up cost of c(0) = 2000. Find the cost of producing the first 1000 pair of jeans.


A) $2000
B) $4000
C) $6000
D) $10,000
E) $3000
F) $5000
G) $8000
H) $15,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents