Suppose the marginal cost for x units of a good is (dollars per unit) and if the fixed cost is $200 find the total cost function of the good?
C)

Question

Suppose the marginal cost for x units of a good is  (dollars per unit) and if the fixed cost is $200 find the total cost function of the good? ​
C) ​

Quizplus · Accepted Answer

The total cost function is given by: 
Total cost = Fixed cost + Variable cost 
where variable cost = marginal cost * quantity

In this case, the fixed cost is given as $200.

The marginal cost is given as 11ea984b_b063_a1fb_9029_19502a7095a9_TB4005_11.

Therefore, the variable cost for x units is: 
11ea984b_b063_a1fb_9029_19502a7095a9_TB4005_11 * x

So, the total cost function is: 
Total cost = 200 + 11ea984b_b063_a1fb_9029_19502a7095a9_TB4005_11 * x

Simplifying, we get: 
Total cost = 11ea984b_b064_172e_9029_6fd8a744a95a_TB4005_11

Suppose the Marginal Cost for X Units of a Good