Question

as a linear cost function. Find the cost function. Assume that the situation can be expressed Fixed cost is $100 20 items cost 500 to produce. The linear cost function is C(x)= |0

Answer 1

Answer:

Production cost is $20 per item.

Step-by-step explanation:

Fixed cost is $100 and 20 items cost $500 to produce.

$C=100+x*production cost$

$500=100+20*production cost$

$400=20*production cost$

Production cost = $20.

So, $C(x)=20x+100$, where C is total cost and x is the number of items produced.