The marginal cost curve of a firm is MC = 6y. Total variable costs to produce 10 units of output are
A) $120.
B) $300.
C) $80.
D) $400.
E) $26.

Question

Quizplus · Accepted Answer

To find the total variable cost of producing 10 units, we need to use the formula: 
Total Variable Cost = Marginal Cost x Quantity Produced 
Total Variable Cost = 6y x 10 
Total Variable Cost = $60 x 10 = $600 
Therefore, the correct answer is B ($300).

The Marginal Cost Curve of a Firm Is MC =