Worked Examples · Example 6
Q.The marginal cost of a firm is (in rupees per unit) and the fixed cost is ₹100. Find the total cost function , and hence the total cost of producing 10 units.
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Start your 14-day free trial to unlock the full solution →Step 1 — integrate the marginal cost function:
Step 2 — fix the constant using the fixed cost: total cost at zero output equals the fixed cost, so :
So the total cost function is:
Step 3 — evaluate at :
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