Question #279944

If the fixed cost of manufacturing a product is ETB 10, 000 and the marginal cost at Q units of output is ETB(60+2.5Q). Find: 

a. The function for the total cost of manufacturing x units.

 b. The total cost of 200 units.  


1
Expert's answer
2021-12-15T16:19:23-0500

a. The function for the total cost of manufacturing x units.

TC=60+2.5QTC=\intop60+2.5Q

TC=1.25Q2+60QTC=1.25Q^2+60Q


b. The total cost of 200 units.  

=1.25(200)2+60(200)=1.25(200)^2+60(200)

=62,000=62,000


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