SOLUTION: Business and finance. The cost of producing a number of items x is given by C= mx +b, in which b is the fixed cost and m is the variable cost (the cost of producing one more item)

Question 66683: Business and finance. The cost of producing a number of items x is given by
C= mx +b, in which b is the fixed cost and m is the variable cost (the cost of producing one more item).
(a) If the fixed cost is $40 and the variable cost is $10, write the cost equation.
(b) Graph the cost equation.

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Business and finance. The cost of producing a number of items x is given by
C= mx +b, in which b is the fixed cost and m is the variable cost (the cost of producing one more item).
(a) If the fixed cost is $40 and the variable cost is $10, write the cost equation.
C(x)=10x+40
--------------
(b) Graph the cost equation.

-------------------------------
Cheers,
Stan H>
RELATED QUESTIONS
Business and Finance. The cost of producing a number of items x is given by C= mx + b,... (answered by fractalier)

Please help. Business and finance. The cost of producing a number of items x is given... (answered by edjones)

Business and finance. The cost of producing a number of items x is given by C = mx + b, (answered by funmath)

I am really lost on this question on how to go about this correctly: 50. Business and... (answered by Earlsdon)

Business and finance- The cost of producing a number of items x is given by C=mx+b, in... (answered by renevencer22)

The cost of producing a number of items x is given by C=mx+b, in which b is the fixed... (answered by fractalier,venugopalramana)

The cost of producing a number of items x is given by C = mx = b, in which b is the... (answered by funmath)

THE COST OF PRODUCING A NUMBER OF ITEMS X IS GIVEN BY C = MX + B, IN WHICH B IS THE FIXED (answered by josmiceli)

THE COST OF PRODUCING A NUMBER OF ITEMS x IS GIVEN BY C = mx + b, IN WHICH b IS THE... (answered by Fombitz)