In the following figure the total cost of producing the 500^th unit of output is ________.

Question

Quizplus · Accepted Answer

To calculate the total cost, we need to add up the fixed cost and variable cost for producing 500^th units of output. Fixed cost: $50,000 Variable cost: (100*500^th) + [(500^th^2)/10] = (100*500) + [(500^2)/10] = $50,000 + $250,000 = $300,000 Total cost = fixed cost + variable cost = $50,000 + $300,000 = $350,000 Therefore, the correct answer is C.

In the Following Figure the Total Cost of Producing the 500th

In the Following Figure the Total Cost of Producing the 500^th