A Linear Cost Function Is , Where X Represents

question 17

Multiple Choice

A linear cost function is , where x represents the number of units produced. What is the cost of producing one more item if 100 are currently being produced? Round your answer to the nearest cent. ​

• A) $8,545.97
• B) $28.97
• C) $5,620.00
• D) $5,648.97
• E) $100.00

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Definitions:

Flotation Cost

The expenses incurred when a company issues new securities, including underwriting fees, legal fees, and registration fees.

Corporate Tax Rate

The corporate tax rate is the percentage of a corporation's income that is seized by the government as tax.

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from total revenue.

Notes Payable

A written promise to pay a certain amount of money, usually including interest, by a specified date or on demand.