What is the cost function

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A manufacturer has a monthly fixed cost of $40,000 and a production cost of $8 for each unit poduced. The product sells for $12/unit. What is the cost function?

Reference no: EM13259676

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What is the cost function : A manufacturer has a monthly fixed cost of $40,000 and a production cost of $8 for each unit poduced. The product sells for $12/unit. What is the cost function?

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