Question
A manufacturer of printers has a total cost per day consisting of a fixed overhead of $6000 plus product costs of $50 per printer. a.
A manufacturer of printers has a total cost per day consisting of a fixed overhead of $6000 plus product costs of $50 per printer.
a. Express the total cost C as a function of the number x of printers produced.
b. Draw the graph of y = C (x). Interpret the y-intercept.
c. How many printers were manufactured on a day when the total cost was $11,500?
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
