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Find the cost function. Fixed cost is $300; 20 items cost $500 to produce.?

Science & Mathematics by Anonymous 2018-05-18 11:08:00

Social Science

Find the cost function. Fixed cost is $300; 20 items cost $500 to produce.?

3 answers

  • Anonymous

    20 items cost $500 1 item costs 500/20 = $25 x items cost 25x Cost function: C = 300 + 25x

  • Anonymous

    Let y be the cost per item 500 = 300 + 20y 200 = 20y y = 10 Let x be the number of items in general. c(x) = 300 + 10x

  • Anonymous

    C(x) = 300 + ( 500/ 20) x = 300 + 25 x , x = number of widgets produced

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