1.

The variable cost of producing an item is estimated to be 20% of the total revenue. If the selling cost of the item is Rs. 8 per unit, then the revenue function and variable cost respectively is [2 marks]

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The variable cost of producing an item is estimated to be 20% of the total revenue. If the selling cost of the item is Rs. 8 per unit, then the revenue function and variable cost respectively is



[2 marks]



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