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The marginal cost for a company to produce q items is given by MC (q )equals 0.002 q squared minus 0.8 q plus 635. The​ company's fixed costs are ​$8400. The cost to increase production from a production level of 310 items to a production level of 530 items is

Respuesta :

Answer:

Cost to increase production is $733.6

Explanation:

We have given marginal cost [tex]MC=0.002q^2-0.8q+635[/tex]

Fixed cost = $8400

So total cost [tex]TC=0.002q^2-0.8q+635+8400[/tex]

Cost of 310 items

[tex]TC=0.002\times 310^2-0.8\times 310+635+8400=8979.2[/tex]

Cost of 530 items

[tex]TC=0.002\times 530^2-0.8\times 530+635+8400=9712.8[/tex]

So the cost increases production is  $9712.8 - $8979.2 = $733.6

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