A company charged RM70 to move a machine at a distance of 15km. While RM100 is imposed if the distance increased to 25km. (a) Produce linear cost equation for moving the machine. (b) Calculate the fixed cost, variable costs and total cost for 50km distance.

A company charged RM70 to move a machine at a distance of 15km. While RM100 is imposed if the distance increased to 25km. (a) Produce linear cost equation for moving the machine. (b) Calculate the fixed cost, variable costs and total cost for 50km distance.

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter4: Economic Evaluation In Health Care

Section: Chapter Questions

Problem 7QAP

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Question

Exercise Q4:
A company charged RM70 to move a machine at a distance of 15km.
While RM100 is imposed if the distance increased to 25km.
(a) Produce linear cost equation for moving the machine.
(b) Calculate the fixed cost, variable costs and total cost
for 50km distance.

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