If the marginal cost function for x units of a product is dollars per unit, and if the fixed cost is $120, find the total cost function.
A)

Question

If the marginal cost function for x units of a product is  dollars per unit, and if the fixed cost is $120, find the total cost function. ​
A) ​

Quizplus · Accepted Answer

The total cost function can be calculated as follows:
Total Cost = Fixed Cost + (Marginal Cost * Quantity)
Total Cost = $120 + ($11 per unit * x units)
Total Cost = $120 + $11x
Therefore, the total cost function is 11ea984b_b103_d955_9029_2159c96d2a12_TB4005_11 dollars.

If the Marginal Cost Function for X Units of a Product