Amira manufactures jeans and has determined the marginal-cost function dc/dq below, where q is the number of pairs of jeans produced. If marginal cost is $87.50 when q = 50 and fixed costs are $7000, what is the average cost of producing 200 pairs of jeans?\\ $\frac{dc}{dq} = 0.015q^2 - 0.2q + 60$\ The average cost of producing 200 pairs of jeans is $
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To find the average cost function, we need to divide the total cost by the number of pairs of jeans produced. The total cost function can be found by integrating the marginal cost function. Integrating the marginal cost function, we get: C(q) = ∫(0.015q^2 - Show more…
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Amira manufactures jeans and has determined the marginal-cost function dc/dq below, where q is the number of pairs of jeans produced. If marginal cost is $62.50 when q = 50 and fixed costs are $7000, what is the average cost of producing 200 pairs of jeans? dc/dq = 0.009q^2 - 0.6q + 70
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