A publisher prints copies of a popular weekly tabloid for distribution and sale. The fixed costs are $500 per print run, with each copy printed costing an additional $0.40. If C (q) is the cost function (in $) of the price of the print run as a function of copies printed, what is the formula for C (q) ?

500 + 0.40q

Explanation:

A publisher prints copies of a popular weekly tabloid for distribution and sale.

Given that,

Fixed costs = $500 per print run

Variable cost = $0.40

Therefore, the cost function is as follows:

Let the number of copies printed be q,

Cost function: C (q) = Fixed cost + Variable cost

= 500 + (0.40 * q)

= 500 + 0.40q