Marginal cost $60; 120 items cost $9500 to produce. The linear cost function is

Question

Mathematics

Marilyn Johns

25 September, 10:42

Marginal cost $60; 120 items cost $9500 to produce. The linear cost function is

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Answers (1)

Know the Answer?

Sarai · Answer 1

C (x) = $60 + ($79.17/unit) x

Step-by-step explanation:

The linear cost function is represented by a straight line with slope $60/unit and y-intercept $60:

C (x) = $60 + ($9500/120 units) x, or

C (x) = $60 + ($79.17/unit) x