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The cost of producing x units of a certain commodity is given by P (x) =1000 + ∫ ^x to 0 MC (s)ds, where P is in dollars and M (x) is marginal cost in dollars per unit. B. Suppose the production schedule is such that the company produces five units each day. That is, the number of units produced is x= 5t, where t is in days, and t = 0 corresponds to the beginning of production. Write an equation for the cost of production P as a function of time t. C. Use your equation for P (t) from part B to find dP/dt . Be sure to indicate units and describe what dP/dt represents.

User Scovetta
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Using the given values, we have the equation
P(x) = 1000 + ∫ MC (s) ds from 0 to 5t
evaluating the integral
P(x) = 1000 + M(5t) C(5t) - M(0) C(0)
where the value of the functions
M and C should be defined to solve the equation explicitly in terms of t
User Nitzan Shaked
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