could you please correct these two problems?
marginal cost for a determined product is MC=3x+50 and the production of 20 units results in a total cost of $2,000, what is the total cost function?
Integrate MC to get
3/2² + 50x + c
Substitute to find c:
2(400) + 2(20) + c = 2,000
800+40 = 2,000
c= 1,160
3/2² + 50x + 1,160
2- If consumption is $5.8 billion when disposable income is 0, and if the marginal propensity to consume is dc/dy = 1/√(y+9) +0.8
(in billions of dollars) find the national consumption function.
If "y" is disposable income [not national] then:
C = ƒ(y)
MPC = ∂C/∂y
C = ∫ [∂C/∂y] ∂y = ∫ [0.8+1/√(y+9)] ∂y = X + 0.8•y + 2•√(9+y)
C [billions] = X + 0.8•y + 2•√(9+y)
C[y=0] =5.8 billion
5.8 = X + 0.8•0 + 2•√(9+0)
5.8 = X+6
X = 5.8-6 = -0.2
C [billions] = 0.8•y + 2•√(9+y) - 0.2
thank you.