If the marginal cost, in dollars, for producing a product is , with a fixed cost of $800, what will be the cost of producing 30 units?

Question

If the marginal cost, in dollars, for producing a product is  , with a fixed cost of $800, what will be the cost of producing 30 units? ​

Quizplus · Accepted Answer

The total cost of producing x units is given by:
Total cost = Fixed cost + (Marginal cost x Number of units)

Substituting the given values:
Total cost = 800 + (11 x 30)
Total cost = 800 + 330
Total cost = 1130

Therefore, the cost of producing 30 units is $1130.

The answer is choice C.

If the Marginal Cost, in Dollars, for Producing a Product