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1 January, 09:20

Marginal cost $60; 120 items cost $9500 to produce. The linear cost function is

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  1. 1 January, 12:31
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    C (x) = $60 + ($79.17/unit) x

    Step-by-step explanation:

    The linear cost function is represented by a straight line with slope $60/unit and y-intercept $60:

    C (x) = $60 + ($9500/120 units) x, or

    C (x) = $60 + ($79.17/unit) x
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