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A company sells its product at Rs 10 per...

A company sells its product at Rs 10 per unit. Fixed costs are Rs 35000 and variable costs are estimated to run 30% of total revenue. Determine the (i) total cost function (ii) the quantity the company must sell to cover the fixed cost.

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The correct Answer is:
`C(x) = 35000 + 3x; 3500`
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