Question 9
MediumOriginal questionThe marginal cost is rupees, and the fixed cost is ₹120. What is the total cost function?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
.
With , the fixed cost: .
Worth noting
Leaving out gives the variable cost only.
- Concept
- Total cost from marginal cost
- Typical timeTypical
- 90 s
- Your timeYours
- —
Practise this chapter →
Ten questions from Consumer & Producer Surplus, at your own pace.