Answer :
The total cost of producing 700 items is 30780
Finding the total cost of producing 700 items
From the question, we have the following parameters that can be used in our computation:
C(q)=20000+15.40q
For 700 items, we have
q = 700
substitute the known values in the above equation, so, we have the following representation
C(700)=20000+15.40 * 700
Evaluate
C(700) = 30780
Hence, the total cost is 30780
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