Question:

Fixed Cost / Variable Cost?

by Guest33677  |  earlier

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What is the fixed cost and variable cost of this function..

C(q) = 24,000 + 7q

Steps please? Thanks :]

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1 ANSWERS


  1. First of all, there is only one variable (q).

    Second of all there is only one "fixed" element, the constant 24,000.

    I think therefore, that the answer to the question you meant to ask is 24,000.

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