According to following information, which of thefollowing is the total cost function in the form of Y =F+V*X ? Number of units produced is 46,000.FixedVariable TotalCostCostCostsMaterial used in ProductionLabour used in ProductionProduction Facilities costTOTAL COST92,000105,000 197,00048,00085,000 133,00039,00040,00079,000179,000 230,000 409,000Select one:O a. Y = 179,000+V*5O b. Y = 230,000+V*5OC.Y = 409,000+VO d. Y = 179,000+V*23

Total cost is the cost that includes total fixed cost as well as a total variable cost of the…

Answered: According to following information,…

According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 46,000.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

According to following information, which of the
following is the total cost function in the form of Y =
F+V*X ? Number of units produced is 46,000.
Fixed
Variable Total
Cost
Cost
Costs
Material used in Production
Labour used in Production
Production Facilities cost
TOTAL COST
92,000
105,000 197,000
48,000
85,000 133,000
39,000
40,000
79,000
179,000 230,000 409,000
Select one:
O a. Y = 179,000+V*5
O b. Y = 230,000+V*5
OC.Y = 409,000+V
O d. Y = 179,000+V*23

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