Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 1 - Section 1.2 - Functions and Models - Exercises - Page 77: 71

Answer

In a linear cost function the variable cost is x times the marginal cost.

Work Step by Step

In a linear cost function the variable cost is x times the marginal cost. If we take for example $C(t)=2x+3$, the variable cost is $2x$ and the marginal cost a constant, $2$.
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