SOLUTION: A stationery firm produces 50 pens for $100 and 100 pens for $150. Assuming that the production volume P and cost C are linearly related, which equation represents the cost model f
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Question 705316: A stationery firm produces 50 pens for $100 and 100 pens for $150. Assuming that the production volume P and cost C are linearly related, which equation represents the cost model for producing these pens?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
I will plot , production volume, on the
vertical axis and , cost, on the
horizontal axis.
---------------
I will use the general point-slope formula:
--------------
check answer:
( $100, 50 )
OK
------
( $150, 100 )
OK
-------
Here's the plot:
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