Answer to Question #247548 in Macroeconomics for Yash

Question

C= a+by, b= 0.8

what is the value of expenditure multiplies then

Answer 1

Сosts are multiplied by the number of products produced.

The cost function equation is expressed as C(x)= FC + V(x), where C equals total production cost, FC is total fixed costs, V is variable cost and x is the number of units.