Solution-Write a formula for total cost as a function of

Write a formula for total cost as a function of quantity

Reference no: EM131604751

Question: (a) Fixed costs are $3 million; variable costs are $0.4 million per item. Write a formula for total cost as a function of quantity, q.

(b) The item in part (a) is sold for $0.5 million each. Write a formula for revenue as a function of q.

Reference no: EM131604751

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Write a formula for total cost as a function of quantity

Reference no: EM131604751

Reference no: EM131604751

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