Question

Find the linear cost function below: Fixed cost is $1000 and 34 units cost $7120 Select the correct answer below: C(x)=180x+2000 C(x)=180x+1000 C(x)=360x+1000 C(x)=360x+7120 C(x)=180x+7120

Answer 1

The linear cost function is C(x) = 180x + 1000, where x represents the number of units produced.

Step-by-step explanation:

To find the linear cost function, we need to determine the relationship between the number of units produced and the total cost. In this case, the fixed cost is $1000, which means it remains constant regardless of the number of units produced. Additionally, we are given that 34 units cost $7120. We can use this information to calculate the variable cost per unit.

Variable cost per unit = (Total cost - Fixed cost) / Number of units = ($7120 - $1000) / 34 = $180

Therefore, the linear cost function is: C(x) = 180x + 1000