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 can be given as TC(x) = FC + MC(x) * x, where FC is the fixed cost and MC(x) is the marginal cost of producing x units. 
Substituting the given values, we get TC(x) = 200 + 11x 
Hence, the correct choice is C.

Suppose the Marginal Cost for X Units of a Good