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question 9
let c(x) be a total cost function computing the total cost of manufacturing x units. the fixed cost is x such that c(x)=0.
true
false
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The fixed - cost is the cost when no units are produced, i.e., when \(x = 0\). But \(C(0)\) is non - zero as it includes costs like rent, equipment lease etc. that are incurred even without production. The total cost function \(C(x)\) is composed of fixed cost and variable cost. Variable cost is zero when \(x = 0\), but fixed cost remains. So \(C(x)
eq0\) when considering fixed cost.
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B. False