SOLUTION: The total cost, C, of producing q units is a linear function. Records show that on one occasion a total cost of Tk. 11000 was incurred to produce 100 units of a product. And on ano
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Question 1191971: The total cost, C, of producing q units is a linear function. Records show that on one occasion a total cost of Tk. 11000 was incurred to produce 100 units of a product. And on another occasion a total cost of Tk. 19000 was incurred to produce 200 units.
a) write the linear equation for total cost in terms of the number of unit produced.
b) Find out Marginal cost and interpret the value.
c) Find out the Fixed cost and interpret the value.
d) Find out Average cost for producing 1200 unit.
e) draw the line on a graph paper. Answer by josgarithmetic(39620) (Show Source):
You can put this solution on YOUR website! Equation for the line containing the two points (100,1000) and (200,19000). These ordered pair may be as (q,C).
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