If the marginal cost, in dollars, for producing a product is , with a fixed cost of $800, what will be the cost of producing 30 units?

Question

If the marginal cost, in dollars, for producing a product is  , with a fixed cost of $800, what will be the cost of producing 30 units? ​

Quizplus · Accepted Answer

To calculate the cost of producing 30 units, we need to add the fixed cost of $800 to the total variable cost, which can be calculated as follows:
Total Variable Cost = Marginal Cost x Number of Units Produced
Total Variable Cost = 11eb0d3b_9890_ccd5_9790_25241b2ddf5b_TB1243_11 x 30
Total Variable Cost = 11eb0d3b_9890_f3e0_9790_b3270d283015_TB1243_11
Adding the fixed cost, we get:
Total Cost = Total Variable Cost + Fixed Cost
Total Cost = 11eb0d3b_9890_f3e0_9790_b3270d283015_TB1243_11 + 800
Total Cost = 11eb0d3b_9890_f3e8_9790_6b2d7dc726e8_TB1243_11
Therefore, the cost of producing 30 units will be $1,128.95, which is option C.

If the Marginal Cost, in Dollars, for Producing a Product