Ami Ltd, a clothing firm has fixed costs $10000 per year.
These are costs such as rent and maintenance.
To produce x units of a certain kind of suit, it costs $20 per unit in addition to fixed costs.
Find an expression for C9x0, the cost function.
Find the expression for C(x), the cost function.
- wyLv 71 decade agoFavorite Answer
C(x) = 10000 + 20x. When x = 0, C = fixed cost = 10000, when x = 1, total cost = 10000 + 20 and so on.