The marginal cost function of a product, in dollars per unit, is C(q) = q^2 - 40q + 700. If fixed costs are $700, find the total cost to produce 40 items. Round your answer to the nearest integer. The total cost to produce 40 items is $
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Given marginal cost function: \( C(q) = q^2 - 40q + 700 \) Integrating the marginal cost function: \[ C(q) = \int (q^2 - 40q + 700) dq \] \[ C(q) = \frac{1}{3}q^3 - 20q^2 + 700q + A \] Show more…
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