Question

A company that makes rubber ducks has a start up cost of $ 7. It costs the company $ 2.91 to make each rubber duck. The company charges $ 3.74 for each rubber duck. Let denote the number of rubber ducks produced. Determine the cost function for this company. The cost function is the amount it costs to manufacture the rubber ducks. C(x)=

Answer 1

A start up cost for a company is $7.
It costs the company $2.91 to make each rubber duck.
The amount of ducks is q.
We have to determine the cost function for this company ( and $3.74 is connected with the revenue, not with the costs ).
Answer:
C ( x ) = 7 + 2.91 q.