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 or more item).
A. If the fixed c
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Question 119689: 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 or more item).
A. If the fixed cost is $40.00 and the varible is $10.00 ,write the cost equation .
B. Graph the equation
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
= fixed cost, so,
= variable cost, so,
Here's the graph:
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