Question: 4. Assume that each situation can be expressed as a linear cost function. Find the cost function in each case. A) Fixed cost: $35; 8

4. Assume that each situation can be expressed as a linear cost function. Find the cost function in each case.

A) Fixed cost: $35; 8 items cost of 395 to produce.

B) Marginal Cost; $120; 700 items cost $96,500 to produce.

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