I am trying to help my friend with Calc and I have not taken it in about 4 years, so I am struggling with the following problem.
The Marginal cost function is given by MC=20 +68^(-.01q) , where q is the quantity produced. If C(0)=2000, find the total cost to the nearest hundred dollars of producing 100 units.
I recall that MC is the deriv of the cost function, so I believe that I need to integrate the function. I think I am integrating e wrong because I am coming up with 20q - 6800e^(-.01q) +2000. When I then plug in 100 for q... my answer is unreasonable.
Thanks for any help you can give me!
The Marginal cost function is given by MC=20 +68^(-.01q) , where q is the quantity produced. If C(0)=2000, find the total cost to the nearest hundred dollars of producing 100 units.
I recall that MC is the deriv of the cost function, so I believe that I need to integrate the function. I think I am integrating e wrong because I am coming up with 20q - 6800e^(-.01q) +2000. When I then plug in 100 for q... my answer is unreasonable.
Thanks for any help you can give me!