Question

According to the equation, which choice represents the fixed cost of
the function?
A)
3500
B)
0.75
C) 0.75x
D) y

Answer 1

Answer:

A) 3500

Step-by-step explanation:

C(x) = 0.75x + 3500

C(x) = Total cost

0.75x = variable cost

3,500 = fixed cost

The fixed cost of the function = 3,500

Variable cost refers to cost of production that changes during production such as cost of raw material, wages of workers etc.

Fixed cost are cost of production that remains the same (does not change) with the production process such as building, machineries etc

Total cost is the addition of all cost of production, that is, the addition of fixed cost and variable cost