A firm which produces a single product is interested in determining the functions that expresses annual total cost ? as a function of the number of units produced ?. Accountants indicate that the fixed expenditure each year are 50,000. They also have estimated that raw material costs for each unit produced are 5.50, labor costs per unit are 1.50 in the assembly department, 0.75 in the finishing room, and 1.25 in the packaging and shipping department. Find the total cost function.
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