SOLUTION: In planning for a new item, a manufacturer assumes that the number of items produced x and the cost in dollars C of producing these items are related by a linear equation. Projecti
Algebra.Com
Question 61377This question is from textbook
: In planning for a new item, a manufacturer assumes that the number of items produced x and the cost in dollars C of producing these items are related by a linear equation. Projections are that 100 items will cost $10,000 to produce and that 300 items will cost $22,000 to produce. Find the equation that relates C and x.
This question is from textbook
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Projections are that 100 items will cost $10,000 to produce and that 300 items will cost $22,000 to produce. Find the equation that relates C and x.
--------
You have two points: (100,10000) and (300,22000)
slope = [22000-10000]/[300-100]= 12000/200= 60
To find the C intercept:
C=mx+b
When x=100, C=10000
So,
10000=60(100)+b
b=4000
EQUATION:
C=60x+4000
Cheers,
Stan H.
RELATED QUESTIONS
Business and finance. In planning for a new item, a manufacturer assumes that the number (answered by stanbon)
Business and finance. In planning for a new item, a manufacturer assumes that
the... (answered by stanbon)
Business and finance. In planning for a new item, a manufacturer assumes that
the number (answered by ankor@dixie-net.com)
Business and finance. In planning for a new item, a manufacturer assumes that
the number (answered by funmath)
Business and finance. In planning for a new item, a manufacturer assumes that
the number (answered by renevencer22)
Business and finance. In planning for a new item, a manufacturer assumes that
the number (answered by oberobic)
Business and finance. In planning for a new item, a manufacturer assumes that
the number (answered by stanbon)
Business and finance. In planning for a new item, a manufacturer assumes that
the number (answered by jim_thompson5910)
In planning for a new item, a manufacturer assumes that the number of items produced x... (answered by stanbon)
In planning for a new item, a manufacturer assumes that the number of items produced x... (answered by Nate)