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    akuaclark's Avatar
    akuaclark Posts: 1, Reputation: 1
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    #1

    Jun 9, 2009, 05:02 PM
    Cost functions
    Finding the cost function when fixed cost is $100 and 50 items cost $1600 to produce
    Perito's Avatar
    Perito Posts: 3,139, Reputation: 150
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    #2

    Jun 9, 2009, 07:43 PM

    This page describes the cost function

    The Cost Function

    Quite honestly, I've never heard of it before.
    jcaron2's Avatar
    jcaron2 Posts: 986, Reputation: 204
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    #3

    Jun 9, 2009, 08:56 PM
    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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