A Division of Ditton Industries Manufactures a Deluxe Toaster Oven

question 31

Multiple Choice

A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by ​ ​
Where is measured in dollars/unit and denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $800. Find the total cost incurred by Ditton in producing the first 500 units of these toaster ovens per day. What is the total cost incurred by Ditton in producing the 401st through 500th units/day?
​

• A) $8,300; $2,700
• B) $8,100; $2,700
• C) $8,300; $2,800
• D) $8,100; $2,800

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Definitions:

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