What are both of the ranges
1 answer:
You might be interested in
Alex bought all the string needed for $125.
It costs $18 for the remaining materials to make each puppet.
So if we closely observe then we see that here $125 is the fixed cost because its not going to change with number of puppets.
And the variable cost is $18.
In this case we can model a Total cost function C(x) for for x number of puppets as below
The total cost to make 50 puppets=$1025