The total cost equation for producing (X) widgets is given by (mathrm{TC}=$ 1,000+$ 6 X). The variable
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The total cost equation for producing \(X\) widgets is given by \(\mathrm{TC}=\$ 1,000+\$ 6 X\). The variable cost per widget is closest to which of the following?
a. \(\$ 1,000\)
b. \(\$ 6\)
c. \(\$ 8\)
d. \(\$ 4,000\)
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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