MCQOPTIONS
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| 1. |
The variable cost (V) of manufacturing a product varies according to the equation V= 4q, where q is the quantity produced. The fixed cost (f) of production of same product reduces with q according to the equation F= 100/q. How many units should be produced to minimize the total cost(V + F)? |
| A. | 5 |
| B. | 4 |
| C. | 7 |
| D. | 6 |
| Answer» B. 4 | |