Answer to Question #279943 in Economics of Enterprise for mari

Question

The marginal cost of a trader has been found to be MC = 3Q² + 8Q + 400 . Determine the total variable cost of producing 100 units of the trade’s product. 

Answer 1

Integrating the function:

$Q^3+4Q^2+400Q=100^3+4\times100^2+400\times100=1 080 0000$