The marginal cost function of producing a particular product is given by 
, where q is quantity. If the fixed costs are $3000, what is the total cost to produce 10 items?
Definitions:
Risk-Free Asset
An investment with a guaranteed return and no risk of financial loss.
Standard Deviation
Standard deviation measures the amount of variation or dispersion from the average in a set of data points, indicating how spread out the numbers are.
Real Rate of Interest
The interest rate that has been adjusted to remove the effects of inflation; reflects the true cost of borrowing.
Nominal Rate
The rate of interest before adjustments for inflation, representing the face value rate agreed upon in financial instruments and agreements.
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