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Consumer & Producer Surplus · Question 9 of 70

Question 9

MediumOriginal question

The marginal cost is MC=0.6x2−4x+10MC = 0.6x^{2} - 4x + 10 rupees, and the fixed cost is ₹120. What is the total cost function?

Options for question 9

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. ∫(0.6x2−4x+10) dx=0.2x3−2x2+10x+K\int (0.6x^{2} - 4x + 10)\,dx = 0.2x^{3} - 2x^{2} + 10x + K.

  2. With K=120K = 120, the fixed cost: C(x)=0.2x3−2x2+10x+120C(x) = 0.2x^{3} - 2x^{2} + 10x + 120.

Worth noting

Leaving out +120+120 gives the variable cost only.

Concept
Total cost from marginal cost
Typical time
90 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.