What is C in cost function?
Question 455124: In the cost function below, C (x) is the cost of producing x itemsl Find the average cost per item when the number of items is produced.
How to find average cost per item?
The correct answer is: The way to find the AVERAGE cost per item is to use the cost equation and divide it by the number of items. For Example:
What is the variable cost of 9300?
In your equation the fixed cost would be 9300. (set quantity x to zero and solve), while your variable cost would be 4.3x (the more you make the more it costs for supplies, etc).