PRC-2 · Chapter 6 · Question 37 of 45
Similarly, if you integrate the Marginal Cost (MC) function, you obtain the:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Total Variable Cost + Fixed Cost (Total Cost)
Explanation
Integrating MC gives the Total Cost. The constant of integration (C) in this scenario usually represents the Fixed Cost (FC).
