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 for x units of a good can be calculated as:
Total Cost = Fixed Cost + (Marginal Cost * Quantity)
Given, Fixed cost = $200 and Marginal Cost = 11ea984b_b0a6_ec34_9029_67a34da0b175_TB4005_11
So, Total Cost function = 200 + (11ea984b_b0a6_ec34_9029_67a34da0b175_TB4005_11 * x)
Simplifying this expression, we get:
Total Cost function = 11ea984b_b0a7_3a57_9029_7531f966445a_TB4005_11

Suppose the Marginal Cost for X Units of a Good