document.write( "Question 1146652: FIXED COST IS $200; 60 ITEMS COST $1,400 TO PRODUCE. The linear cost function is? \n" ); document.write( "
Algebra.Com's Answer #767927 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "y = mx+b \n" ); document.write( "b is the y-intercept (in this problem, the fixed cost; the cost of production before any items are produced) \n" ); document.write( "m is the slope (rate of change; in this problem, how much the production cost increases for each item produced) \n" ); document.write( "The fixed cost is given to you. \n" ); document.write( "Calculate the rate of change using the given information that the cost of producing 60 items, including the fixed cost, is $1400: \n" ); document.write( "total cost of producing 60 items: $1400 \n" ); document.write( "fixed cost: $200 \n" ); document.write( "production cost for 60 items: $1400-$200 = $1200 \n" ); document.write( "per-item cost of production: I leave that little bit to you \n" ); document.write( "Plug the m and b values into the basic equation. \n" ); document.write( " \n" ); document.write( " |