
Cost Functions and Marginal Analysis

Interactive Video
•
Mathematics, Business
•
9th - 12th Grade
•
Hard

Mia Campbell
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for the total cost function given in the video?
C(Q) = 25Q + 80,000
C(Q) = 30Q + 70,000
C(Q) = 20.5Q + 84,000
C(Q) = 15Q + 90,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much does it cost to produce 800 units according to the cost function?
$90,000
$100,400
$110,000
$120,500
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of producing the 801st item?
$25.00
$15.00
$20.50
$30.50
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used to describe the cost of producing one additional unit?
Marginal Cost
Variable Cost
Fixed Cost
Average Cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the slope of the linear cost function?
30
25
20.5
15
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the cost change as Q increases by 1 unit?
Increases by $25.00
Increases by $20.50
Increases by $15.00
Increases by $30.50
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the derivative of the cost function C(Q) = 20.5Q + 84,000?
15
20.5
25
30
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