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Consumer & Producer Surplus · Question 11 of 70

Question 11

MediumOriginal question

The marginal cost is MC=4x+5MC = 4x + 5 rupees. By how much does the total cost rise when output goes up from 20 to 30 units?

Options for question 11

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. The rise is ∫2030(4x+5) dx=[2x2+5x]2030\int_{20}^{30} (4x + 5)\,dx = \left[2x^{2} + 5x\right]_{20}^{30}.

  2. =(1,800+150)−(800+100)=1,050= (1{,}800 + 150) - (800 + 100) = 1{,}050 rupees. The fixed cost cancels out.

Worth noting

₹1,950 is the variable cost of all 30 units, not the rise from 20.

Concept
The extra cost of raising output
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.