SOLUTION: Assume that the situation can be expressed as a linear cost function. Find the cost function. Fixed cost is $100; 20 items cost $900 to produce. The linear cost is?
Question 1059037: Assume that the situation can be expressed as a linear cost function. Find the cost function. Fixed cost is $100; 20 items cost $900 to produce. The linear cost is?
You can put this solution on YOUR website! C=100+x*production cost
900=100+20*production cost
800=20*production cost
production cost is $40 per item
C=40x+100, where C is total cost and x is the number of items produced.