If the marginal cost function for x units of a product is dollars per unit, and if the fixed cost is $100, find the total cost function.

Question

If the marginal cost function for x units of a product is  dollars per unit, and if the fixed cost is $100, find the total cost function. ​

Quizplus · Accepted Answer

The total cost function is given by the sum of fixed cost and the product of the marginal cost and the number of units produced.
Therefore, Total cost function = Fixed cost + (Marginal cost * Number of units produced)
= $100 + (11eb0d3b_98a7_1402_9790_dfd8ebc57b96_TB1243_11 * x)
= 11eb0d3b_98a7_3b15_9790_e5811ebba440_TB1243_11*x + $100.
Thus, option C is the correct answer.

If the Marginal Cost Function for X Units of a Product