Question
Problem states:
Business and finance. The cost of producing a number of items x is given by C = mx + b, in which b is the fixed cost and m is the variable cost (the cost of producing one more item).
(a)If the fixed cost is $40 and the variable cost is $10, write the cost equation.
My equation answer for par A is:
C = 10x + 40
Business and finance. The cost of producing a number of items x is given by C = mx + b, in which b is the fixed cost and m is the variable cost (the cost of producing one more item).
(a)If the fixed cost is $40 and the variable cost is $10, write the cost equation.
My equation answer for par A is:
C = 10x + 40
Answers
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