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Consumer & Producer Surplus · Question 2 of 70

Question 2

EasyOriginal question

The marginal cost of making xx units is 4x+94x + 9 rupees, and the fixed cost is ₹250. What is the total cost function?

Options for question 2

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. C(x)=∫(4x+9) dx=2x2+9x+KC(x) = \int (4x + 9)\,dx = 2x^{2} + 9x + K.

  2. The constant is the fixed cost, C(0)=250C(0) = 250: C(x)=2x2+9x+250C(x) = 2x^{2} + 9x + 250.

Worth noting

4x2+9x+2504x^{2} + 9x + 250 forgets to halve 4x4x when integrating it.

Concept
Total cost from marginal cost
Typical time
60 s
Your time
—
The rule this testsTotal cost from marginal cost
Practise this chapter →

Ten questions from Consumer & Producer Surplus, at your own pace.

Practise this chapter →

Ten questions from Consumer & Producer Surplus, at your own pace.