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 is given by:
Total Cost = Fixed Cost + (Marginal Cost * Quantity)
Total Cost = 120 + (11ea984b_b0b1_e919_9029_bf6778bff830_TB4005_11 * x)
Substituting the given value of marginal cost function, we get:
Total Cost = 120 + (11 * x)
Simplifying the expression, we get:
Total Cost = 11x + 120
Therefore, the total cost function is 11ea984b_b0b2_102c_9029_fda0ada53e47_TB4005_11.

If the Marginal Cost Function for X Units of a Product