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 i

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Question 68164: 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 equaton
Answer by funmath(2873) (Show Source):
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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 equaton
In the formula , m=variable cost and b=fixed cost
m=10 and b=40
Therefore:

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