Suppose the Marginal Cost for X Units of a Good

question 155

Multiple Choice

Suppose the marginal cost for x units of a good is (dollars per unit) and if the fixed cost is $200. What is the total cost of producing 4 units of this good? Round your answer to the nearest dollar. ​

• A)168 dollars
• B)226 dollars
• C)228 dollars
• D)170 dollars
• E)240 dollars

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Definitions:

Used Supplies

Consumable items that have been utilized in the operation of a business, typically recorded as an expense.

Liability Creation

The process of incurring obligations or debts by a company through its operations or financial activities.

Revenue Recognition

The accounting principle that dictates the specific conditions under which income becomes recognized as revenue.

Revenue Recognition Principle

An accounting principle that dictates the conditions under which revenue is recognized and recorded.