Suppose it is known that the variable cost v is linearly related to the quantity produced...

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Suppose it is known that the variable cost v is linearly related to the quantity produced so that when 0 units of a certain c

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Answer 1

Answer #1

Answer

C(q) = 1,400 + 5q

Explanation:

Fixed Costs are $ 1,400.

variable cost per unit = $ 5 ($ 80 / 16 units)

Total Cost = Fixed Cost + variable Cost

= $ 1,400 + $ 5 * q

It can be said that

C(q) = 1,400 + 5q

In case of any doubt, please comment.

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Answer 2

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