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Question

A hand tool manufacturer produces a product for which the variable cost is $\$ 5.35$ per unit and the fixed costs are $\$ 16,000$. The company sells the product for $\$ 8.20$ and can sell all that it produces. Find the total cost as a function of $x$, the number of units produced.

Solution

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Answered 1 year ago

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1 of 5We have to determine a function to express the cost of a number of products in terms of the number of products, given the variable cost and the fixed cost.

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