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Total cost of the coffeemakers per day

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Reference no: EM131637265

Question: MARGINAL COST FUNCTIONS The management of National Electric has determined that the daily marginal cost function associated with producing their automatic drip coffeemakers is given by

C'(x) = 0.00003x2 - 0.03x + 20

Where C'(x) is measured in dollars/unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in producing these coffeemakers is $500. What is the total cost incurred by National in producing the first 400 coffeemakers/day?

Reference no: EM131637265

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