Soru
(LO4) A firm's marginal cost function is MC=3Q^2+10Q Find the total cost of producing 12 goods if the fixed costs are 10. a). 94 b). 940 c). 1060 d). 1728 c). 1798
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Uzman · 3 yıl öğretmeni
Uzman doğrulaması
Cevap
To find the total cost of producing 12 goods, we need to integrate the marginal cost function with respect to the quantity and then add the fixed costs.Given the marginal cost function:
The total cost function
can be found by integrating the marginal cost function:
Integrating term by term:
Now, we need to evaluate this total cost function at
and then add the fixed costs of \$10.
Finally, adding the fixed costs:
Therefore, the correct answer is:c). 1798