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Your company has the capacity of making up to 60 units of its product each day. A consultant of your company says that you can

Your company has the capacity of making up to 60 units of its product each day. A consultant of your company says that you can estimate the total cost C of a day's production from the formula. C=125+5q-0.03q-0.001q, 0q60

1. Determine the fixed cost and variable cost 2. Determine the cost when 20 units are produced

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