Question

Formulate the linear total cost function​

Answer 1

Step-by-step explanation:

To summarize: A linear cost function has the form C(x)=mx+b, where mx is called the variable cost, b is called the fixed cost, and m is called the marginal cost.

Answer 2

Step-by-step explanation:

To summarize: A linear cost function has the form C(x)=mx+b, where mx is called the variable cost, b is called the fixed cost, and m is called the marginal cost.