IAS Engineering manufactures castings. The total cost for each casting is £80 and the variable cost per unit is £6.
a) Calculate an expression for total cost (c) in terms of q, the quantity produced.
b) Use your answer in a) to determine the total cost if 150 units are produced.
c) Prepare a graph of the expression for total cost.
d) Use your graph to determine the total cost if 100 units are produced.
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IAS Engineering manufactures castings. The total cost for each casting is £80 and the variable cost per unit is £6.
a) Calculate an expression for total cost (c) in terms of q, the quantity produced.
b) Use your answer in a) to determine the total cost if 150 units are produced.
c) Prepare a graph of the expression for total cost.
d) Use your graph to determine the total cost if 100 units are produced.
a) Calculate an expression for total cost (c) in terms of q, the quantity produced.
b) Use your answer in a) to determine the total cost if 150 units are produced.
c) Prepare a graph of the expression for total cost.
d) Use your graph to determine the total cost if 100 units are produced.
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