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

EunoR

EunoR

Answered question

2021-01-19

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

Answer & Explanation

d2saint0

d2saint0

Skilled2021-01-20Added 89 answers

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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