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An Indian Manufacturer Establishes That Its Total Cost Per Item

Question 1

Multiple Choice

An Indian manufacturer establishes that its total cost per item function (in Indian Rupees, INR) is given by C = 6000x-1 + 2.5+ 0.03x. Work out the volume that minimises average cost (cost per item) .


A) 2,000
B) 20,000
C) 200,000
D) 2,000,000

Correct Answer:

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