SOLUTION: 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
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Question 79513This question is from textbook Beginners Algebra 6e
: 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.
This question is from textbook Beginners Algebra 6e
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
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.
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x is the number of items; 10x is the cost of x items.
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Total Cost = variable cost + fixed cost.
Total Cost=10x+40
C=10x+40
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Cheers,
Stan H.
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