Solve the Problem. -A Company Has Found That the Marginal Cost of a Cost

question 12

Multiple Choice

Solve the problem.
-A company has found that the marginal cost of a new production line (in thousands) is where x is the number of years the line is in use. Find the total cost function for the production line (in thousands) . The
Fixed cost is $20,000.

---

Definitions:

Transfer Price

The cost at which products and services are exchanged between departments within the same organization.

Tax Rate

The percentage at which an individual or corporation's income is taxed by the government.

Profitable Subassembly

A component or assembly within a product that generates profit by being produced and sold as part of the final product.

Absorption Costs

The total of all direct and indirect manufacturing costs assigned to a product.