A FIRM`S MARGINAL COST FUNCTION IS Q2 + 2Q + 4. FIND THE TOTAL COST FUNCTION IF THE FIXED COSTS ARE 100
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Step 1
The variable cost is the integral of the marginal cost (MC). So, we first need to find the integral of the MC function, which is Q^2 + 2Q + 4. The integral of Q^2 is (1/3)Q^3, the integral of 2Q is Q^2, and the integral of 4 is 4Q. Show more…
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