Question

A company's marginal cost function is 15

where x is the number of units.
Find the total cost of the first 100 units (from x= O to x = 100)
Total cost: $______________

Answer 1

To calculate the total cost for producing the first 100 units with a constant marginal cost of $15 per unit, you multiply the marginal cost by the number of units, which results in a total cost of $1500.

Step-by-step explanation:

The question implies that we are given a marginal cost which is constant at $15 per unit. To find the total cost of producing the first 100 units, we simply multiply the marginal cost by the quantity produced since the marginal cost is constant. The calculation is as follows:

Total Cost = Marginal Cost × Number of Units

Total Cost = $15 × 100

Total Cost = $1500

Therefore, the total cost for producing the first 100 units is $1500.