XYZ company’s cost function for the next four months is
C = 500,000 + 5Q�
To find the cost for the next four months, we can use the given cost function:
C = 500,000 + 5Q
In this cost function, C represents the total cost, and Q represents the quantity of whatever is being produced or consumed.
To find the cost for the next four months, you need to determine the value of Q for each month and substitute it into the cost function.
Let's say the quantity of production or consumption for each month is as follows:
Month 1: Q₁
Month 2: Q₂
Month 3: Q₃
Month 4: Q₄
To find the cost for each month, substitute the respective Q values into the cost function:
Cost for Month 1 (C₁) = 500,000 + 5Q₁
Cost for Month 2 (C₂) = 500,000 + 5Q₂
Cost for Month 3 (C₃) = 500,000 + 5Q₃
Cost for Month 4 (C₄) = 500,000 + 5Q₄
By substituting the corresponding Q values into the cost function, you can calculate the cost for each month.