Whats means cost in maths
Answers
Total Cost = Fixed Cost + Variable Cost
Step-by-step explanation:
Total Cost = Fixed Cost + Variable Cost
Fixed Cost is the Cost that will incur even if no production/manufacturing
Variable Cost - Cost Which vary with Produce Quantity
A cost function is a mathematical formula for finding
production expenses for different production levels
Total cost of production given a specific quantity produced.
Like Rent is Fixed cost as need to be paid even if no production being done
Raw material Cost is variable cost as raw material will be used as per produced Quantity only
Per part assembly cost is also Variable Cost
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