Solve the Problem. -A Company Has Found That the Marginal Cost of a Cost

question 12

Multiple Choice

Solve the problem.
-A company has found that the marginal cost of a new production line (in thousands) is where x is the number of years the line is in use. Find the total cost function for the production line (in thousands) . The
Fixed cost is $20,000.

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Definitions:

Voluntary Sabbaticals

These are periods of leave, often unpaid, offered by employers to employees as a benefit, allowing them to take a break from their work for personal development, research, travel, or rest.

Medium-Term Cost

Expenses or investments expected to impact an organization's financial health over a moderate timeframe, usually between one to five years.

Facility Shutdowns

The process of closing business facilities temporarily or permanently, which may result from economic, strategic, or operational decisions.

Operation Reductions

A strategy aimed at decreasing the complexity and costs of business operations, often through simplifying processes, cutting unnecessary tasks, or outsourcing.