Business Studies, asked by shubhamambadale, 2 months ago

what is cost function , and example??​

Answers

Answered by itscutiepie13
3

Answer:

For example, the most common cost function represents the total cost as the sum of the fixed costs and the variable costs in the equation y = a + bx, where y is the total cost, a is the total fixed cost, b is the variable cost per unit of production or sales, and x is the number of units produced or sold.

Explanation:

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