PRC-2 · Chapter 2 · Question 7 of 45
A manufacturer's fixed costs are Rs. 60,000 per month, and the variable cost is Rs. 15 per unit. What is the total cost function C(x) for producing 'x' units?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) C(x) = 15x + 60,000
Explanation
Total cost equals the variable cost per unit multiplied by the number of units, plus the fixed costs. This translates algebraically to C(x) = 15x + 60,000.
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