CUET Preparation Today
For manufacturing a certain item, the fixed cost is ₹6000 and the cost of producing each unit is ₹20. What is the cost function? |
$C(x)=6000+20x$ $C(x)=20x−6000$ $C(x)=6000x+20$ $C(x)=20x$ |
$C(x)=6000+20x$ |
The correct answer is Option (1) → $C(x)=6000+20x$ Total fixed cost = ₹6000, variable cost of producing one unit = ₹20 ∴ Total cost, $TC = ₹(6000+ 20x)$, where x is the number of units produced. |
