Question

Question 22

Answer 1

Answer:

50

Step-by-step explanation:

cost function : 35 + 0.2m = 45

35 = fixed cost

0.2 = variable cost

Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments

Variable costs are costs that vary with production

m = miles driven

combine like terms

0.2m = 45 - 35

0.2m = 10

m = 50