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Mathematics

Description

  1. Find the cost function if the marginal cost function is given by C'(x) = x^(2/5) + 9
  2. Find the demand function for the marginal revenue function. Recall that if no items are sold, the revenue is R'(x) = .03x^2 - .07x + 208

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Explanation & Answer

1. Marginal cost function C'(x)= (1/5) x^2 + 9 
Cost function C(x) = (1/5) ∫ (x^2+9) dx 

= (1/5) ∫ x^2 dx + 9 ∫ dx = (1/5)(1/3) x^3 + 9x + C 
C(x) = (1/15) x^3 + 9x + C 

2. dR/dx = .03x^2 - .07x + 208

integrate with respect to x
R=0.01x^3-0.035x^2+208x
since revenue = price * quantity 
factor a x
r = x(0.01x^2-0.035x+208) + constant/q 
r = q * p 

p = 0.01x^2-0.035x+208 + constant/q



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