The fixed costs where cost function is C(x)=42.5x+80,00

The fixed costs where cost function is C(x)=42.5x+80,00

Question
Upper level algebra
asked 2021-01-19
The fixed costs where cost function is C(x)=42.5x+80,00

Answers (1)

2021-01-20
Given:
The total cost (in dollars) of producing x college algebra books is C(x) = 42.5x + 80,000.
Explanation:
The given cost function is a linear cost function of the form C(x) = mx + b,
Where b represents the fixed cost, x is the number of items and m represents the marginal cost.
So on comparison with the generalized cost function, the fixed cost is \(\$80, 000\).
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