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-   -   Cost functions (https://www.askmehelpdesk.com/showthread.php?t=363248)

  • Jun 9, 2009, 05:02 PM
    akuaclark
    Cost functions
    Finding the cost function when fixed cost is $100 and 50 items cost $1600 to produce
  • Jun 9, 2009, 07:43 PM
    Perito

    This page describes the cost function

    The Cost Function

    Quite honestly, I've never heard of it before.
  • Jun 9, 2009, 08:56 PM
    jcaron2
    Perito, nice link. But perhaps this is a case of unfortunate wording of a much simpler problem.

    If the total cost to produce 50 items is $1600, and the fixed cost is $100, then it must have cost $30 each to produce the items. (i.e. solve 50x+100=1600). It is then very easy to write a function for the cost of producing n items:

    C = 30n + 100

    Could it be that simple?

    Josh

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