A local business produces souvenirs for the tourist trade. The business has fixed costs of $6 thousand, and it costs an additional $9.93 thousand in variable costs to produce 10 thousand souvenirs. A consultant told the business that their marginal cost function is dollars per thousand souvenirs. What will it cost to increase their production to 19 thousand souvenirs?

Question

A local business produces souvenirs for the tourist trade. The business has fixed costs of $6 thousand, and it costs an additional $9.93 thousand in variable costs to produce 10 thousand souvenirs. A consultant told the business that their marginal cost function is  dollars per thousand souvenirs. What will it cost to increase their production to 19 thousand souvenirs?

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The Answer of A local business produces souvenirs for the tourist trade. The business has fixed costs of $6 thousand, and it costs an additional $9.93 thousand in variable costs to produce 10 thousand souvenirs. A consultant told the business that their marginal cost function is  dollars per thousand souvenirs. What will it cost to increase their production to 19 thousand souvenirs?

A Local Business Produces Souvenirs for the Tourist Trade