Question 1
EasyOriginal questionThe marginal cost of making units is rupees, and the fixed cost is ₹400. What is the total cost function?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
Total cost is the integral of marginal cost: .
The constant is the fixed cost, : .
Worth noting
Without the 400 the cost of making nothing would be zero, but the fixed cost is paid anyway.
- Concept
- Total cost from marginal cost and fixed cost
- Typical timeTypical
- 60 s
- Your timeYours
- —
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