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Business Mathematics Learning Guide: Certification Test 261

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MCQ: 261

The fixed cost is $60,000 USD and every extra unit sold of that product will increase the revenue by $20 then cost function is

  1. y = ƒ(20x) = 59,978
  2. y = ƒ(x) = 60,022x
  3. y = ƒ(x) = 20x+ 60,000
  4. y = ƒ(x) = 60,000x+ 20
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