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QUESTION 8 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1 - 12. Test Company derived the following cost function for the production of its

QUESTION 8 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1 - 12. Test Company derived the following cost function for the production of its product. Cost = $16,000 + $10X, where x is the number of units. Next month, Test Company expects to produce 5,000 units. Suppose production is more than expected so that Test Company produces 5,500 units. Total variable cost will Increase Decrease Remain unchanged An incorrect answer because Blackboard requires four choices

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