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Question

In the manufacture of a product, the marginal cost of producing xx units is C(x)C^{\prime}(x) and fixed costs are C(0)C(0). Find the total cost function C(x)C(x) when:

(a) C(x)=3x+4,C(0)=40C^{\prime}(x)=3 x+4, C(0)=40

(b) C(x)=ax+b,C(0)=C0C^{\prime}(x)=a x+b, C(0)=C_0

Solution

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For this exercise, we are asked to find total cost function C(x)C(x) given the marginal cost function and C(0)C(0).

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