1. Using marginal cot functon \( C^{\prime}(q)=100+10 x-0.03 x^{2} \) for Producing genian, find the total cost in naira of producing the next 50 units for 100 units have been produced.
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The Deep Dive
To find the total cost of producing the next 50 units when 100 units have already been produced, we need to compute the integral of the marginal cost function \( C^{\prime}(q) \) from \( q=100 \) to \( q=150 \). First, plug in the marginal cost function: \[ C^{\prime}(q) = 100 + 10q - 0.03q^2 \] Then, calculate the definite integral: \[ C(150) - C(100) = \int_{100}^{150} (100 + 10q - 0.03q^2) \, dq \] Now let's calculate it step by step: 1. Find the antiderivative: \[ \int (100 + 10q - 0.03q^2) \, dq = 100q + 5q^2 - 0.01q^3 + C \] 2. Evaluate it from 100 to 150: - For \( q=150 \): \[ C(150) = 100(150) + 5(150^2) - 0.01(150^3) = 15000 + 5(22500) - 0.01(3375000) \] \[ = 15000 + 112500 - 33750 = 179250 - 33750 = 150000 \] - For \( q=100 \): \[ C(100) = 100(100) + 5(100^2) - 0.01(100^3) = 10000 + 5(10000) - 0.01(1000000) \] \[ = 10000 + 50000 - 10000 = 50000 \] 3. Finally, find the total cost for the next 50 units: \[ C(150) - C(100) = 150000 - 50000 = 100000 \] Thus, the total cost in naira of producing the next 50 units is **100,000 Naira**. Remember, while this calculation confidently gives you the cost, always double-check your integration steps and arithmetic for any possible oversight!