fixed costs vs variable costs

A company produces x items with a fixed cost of $100 and variable cost of $5 per item per day. If y represents the total cost of production per day, which graph represents the situation? => Graph 3 or Graph 2 or Graph 1 or Graph 4..

Telephone company-A charges a fixed pay of $20 per month and $0.30 per minute of a call and telephone company-B charges a fixed pay of $10 per month and $0.40 per minute of a call. What is the number of minutes for which the costs of the plans remain the same for both ..

The cost of a taxi ride from Edd′s home to his office is a function of the number of miles between his home and office. Which of the following is the independent variable? => The driving time to the office or The cost of the taxi ride or The distance between Edd&..

The table shows the cost of production of a firm. Which of the graphs represents the data in the table? Raw material cost (R) Packing material cost (P) Fixed manufacturing expenses (F) Labor cost (L) 49% 39.5% 11% 0.5% => Figure 1 or Figure 2 or Bot..

The total cost of tickets is a function of number of tickets purchased. Which of the statements is true? => The total cost of tickets is the dependent variable. or The total cost of tickets is the independent variable. or Insufficient data. or There..

In Smith cookies Co., the fixed cost for making cookies is $2200 per week and it costs $0.13 extra to make one cookie. If the selling price of each cookie is $0.39, then find the minimum number of cookies that will earn the company a profit. => 2 or 8469.34 or 0.5 or 8..

Christina bought 4 kg of potatoes and 5 kg of onions for $13. Which of the following represents the variable expression for the situation, if t stands for the cost of 1 kg of potatoes and p stands for the cost of 1 kg of onions? => 4 t = $18 or 4 t - 5 p = $17 or 5 p =..

Write a variable expression for the situation. Difference of cost of u shirts at $18 each and cost of v trousers at $30 each is greater than $60. => 18 u + 30 v > 60 or 18 u - 30 v > 60 or 18 u - 30 v < 60 or 18 u + 30 v < 60..

The Objective Function is a linear function of variables which is to be optimised i.e., maximised or minimised. e.g., profit function, cost function etc. The objective function may be expressed as a linear expressio..

There are mainly four steps in the mathematical formulation of linear programming problem as a mathematical model. We will discuss formulation of those problems which involve only two variables. Identify the decision variables and assign symbols x and y to them. These decision h..