24-08-2018
Mathematics

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If the cost of producing a product that sells for $50 is 12000 plus $20 00 per piece, then what is the cost equation for producing x items?

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altavistard altavistard

24-08-2018

C(x) = $12,000 + ($20/piece)x. This is your cost function.

The revenue function is R(x) = ($50/item)x (but you were not asked for this).

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