QUESTION 14 Luke Limited manufactures widgets. It has established its cost function as y=8,000 +...
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QUESTION 14 Luke Limited manufactures widgets. It has established its cost function as y=8,000 + 4x, where 8,000 is the fixed cost per month, and 4 is the variable cost per widget. In the month of July Luke is planning to manufacture 4.000 widgets. What is the total expected cost for July? O a. 24,000 b. 8.000 O c. 16,000 e d. 20.000
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