document.write( "Question 73425: I am having problems with this one.This is what I have so far.
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document.write( "x=number of items produced
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document.write( "C=cost in dollars
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document.write( "100items=$10,000
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document.write( "300items=$22,000
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document.write( "Business and finance. In planning for a new item, a manufacturer assumes that
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document.write( "the number of items produced x and the cost in dollars C of producing these items are related by a linear equation. Projections are that 100 items will cost $10,000 to produce and that 300 items will cost $22,000 to produce. Find the equation that relates C and x.\r
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Algebra.Com's Answer #52564 by bucky(2189)![]() ![]() ![]() You can put this solution on YOUR website! Since this is a linear equation by assumption, the slope-intercept form can be used. This \n" ); document.write( "equation will be in the form y = mx + b. But we will redefine the variables. Replace \n" ); document.write( "y with C the cost. x will still be used to represent the number of items produced. x will be on \n" ); document.write( "the x-axis and C will be on the y-axis. \n" ); document.write( ". \n" ); document.write( "As the number of items manufactured increases from 100 to 300 units (an increase of 200 items) \n" ); document.write( "the cost goes from $10,000 to $22,000 (an increase of $12,000). The slope of this graph is, \n" ); document.write( "therefore: \n" ); document.write( ". \n" ); document.write( " \n" ); document.write( ". \n" ); document.write( "and the 60 represents the dollars that it costs to produce a unit. \n" ); document.write( ". \n" ); document.write( "So far our equation is: \n" ); document.write( ". \n" ); document.write( " \n" ); document.write( ". \n" ); document.write( "The question now is how do we calculate b? We can use the fact that when x = 100, then \n" ); document.write( "C = $10,000. Plug these values into the equation and you find: \n" ); document.write( ". \n" ); document.write( " \n" ); document.write( ". \n" ); document.write( "This simplifies to: \n" ); document.write( ". \n" ); document.write( " \n" ); document.write( ". \n" ); document.write( "Subtract 6000 from both sides and you find that \n" ); document.write( ". \n" ); document.write( " \n" ); document.write( ". \n" ); document.write( "Plug that value into the equation and you get: \n" ); document.write( ". \n" ); document.write( " \n" ); document.write( ". \n" ); document.write( "This is the equation that relates C and x (thenCost and number of items produced). \n" ); document.write( "Notice something interesting. If you produced no items (x = 0) the cost is still $4000. \n" ); document.write( "This probably involves the cost of labor to maintain the assembly line, store the materials, \n" ); document.write( "keep the lights and heat on, and so forth. \n" ); document.write( ". \n" ); document.write( "Hope this helps you to understand the graphing process. You can check the equation out \n" ); document.write( "by letting x = 300 items and see if the cost computes to $22,000 as specified in the problem. \n" ); document.write( " |