Find the total cost of producing (a) 20 units and (b) 35 units of output for a
Question:
Find the total cost of producing
(a) 20 units and
(b) 35 units of output for a firm that has fixed costs of $3500 and a marginal cost of $400 per unit.
Transcribed Image Text:
(a) If x = 20, (b) If x = 35, C=400x + 3500 C=400(20) + 3500 11,500 C400(35) + 3500 17,500 =
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