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Assume that each situation can be expressed as a linear cost function. Find the cost function for each case. Marginal cost $90.00 ; 150 items cost $16,000.00 to produce.

2007-11-18 13:34:55 · 1 answers · asked by Anonymous in Science & Mathematics Mathematics

1 answers

Marginal cost = 90 on a linear cost function means

Cost = 90 * units + someconstant.

Plug in cost = 16,000 and units = 150 to solve for "someconstant". (The answer is 2500)

2007-11-19 08:18:27 · answer #1 · answered by Curt Monash 7 · 0 0

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