Cost
A company produces a toy for which the variable cost is $12.30 per unit and the fixed costs are $98,000. The toy sells for $17.98. Let x be the number of units produced and sold.
The total cost for a business is the sum of the variable cost and the fixed costs. Write the total cost C as a function of the number of units produced.
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1 solution
Cost = variable costs + fixed costs
C = 12.30x + 98000