Question
A copy shop can produce a course reader at a cost of $25 per copy. The monthly fixed costs are $10,000. Determine the total monthly cost as a function of the number of copies produced.
Hint:
To find the total cost of production we will add the variable cost and the fixed cost.
The correct answer is:
STEP BY STEP SOLUTION
Fixed cost = $ 10,000
Variable cost = $25 per copy
Total cost = fixed cost + variable cost
C(x) = 10,000 + 25x
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