1.

The marginal cost of a commodity is 3x2 – 2x + 8. If there is no fixed cost find the total cost.

Answer»

C = ∫(MC) dx + k 

= ∫(3x2 – 2x + 8) dx + k 

= x3 – x2 + 8x + k

No fixed cost ⇒ k = 0 

So total cost, C = x3 – x2 + 8x



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