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Here are the solutions to the exercises: 1. The cost function is c = 200 + 15q. The change in cost formula is Δc = 15Δq If production increases by 12 units, Δq = 12 and Δc = 15 * 12 = 180 If production decreases by 2 units, Δq = -2 and Δc = 15 * -2 = -30 2A) Input is x, output is y 2B) Points are (0,7) and (3,9) 2D) The function is linear since it can be written in the form y = mx + b

Author

NoN -Na

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EN