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26 November, 23:54

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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  1. 27 November, 00:08
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    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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