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-   -   Fixed cost are $60 and var.cost is $4 a unit is the cost function be c=60+4q (https://www.askmehelpdesk.com/showthread.php?t=683800)

  • Jul 17, 2012, 08:04 AM
    SLIDENER
    Fixed cost are $60 and var.cost is $4 a unit is the cost function be c=60+4q
    Fixed cost are $60 and var.cost is $4 a unit is the cost function be c=60+4q
  • Jul 17, 2012, 12:40 PM
    ArcSine
    Correct, although you'll want to call it the total cost function, to distinguish from the two other common cost functions, average and marginal.

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