Math 1313 Section 1.5 Linear Cost, Revenue and Profit ...
2015-1-23u2002·u2002The cost function, C(x), is the total cost of manufacturing x units of the product. Fixed costs are the costs that remain regardless of the company's activity. Examples: building fees (rent or mortgage), executive salaries Variable costs are costs that vary with the production or sales. Examples; wages of production staff, raw materials
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