document.write( "Question 1207852: The fixed costs of operating a business are the costs incurred regardless of the level of production. Fixed costs include rent, fixed salaries, and costs of leasing machinery.The variable costs of operating a business are the costs that change with the level of output. Variable costs include raw materials, hourly wages,and electricity. Suppose that a manufacturer of jeans has fixed daily costs of $500 and variable costs of $8 for each pair of jeans manufactured. Write a linear equation that relates the daily cost C, in dollars, of manufacturing the jeans to the number x of jeans manufactured. What is the cost of manufacturing 400 pairs of jeans? 740 pairs? \n" ); document.write( "

Algebra.Com's Answer #845989 by ikleyn(52781) $\"\"$ $\"About$

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\n" ); document.write( "The fixed costs of operating a business are the costs incurred regardless of the level of production.
\n" ); document.write( "Fixed costs include rent, fixed salaries, and costs of leasing machinery.
\n" ); document.write( "The variable costs of operating a business are the costs that change with the level of output.
\n" ); document.write( "Variable costs include raw materials, hourly wages, and electricity.
\n" ); document.write( "Suppose that a manufacturer of jeans has fixed daily costs of $500 and variable costs of $8
\n" ); document.write( "for each pair of jeans manufactured.
\n" ); document.write( "(a) Write a linear equation that relates the daily cost C, in dollars, of manufacturing the jeans
\n" ); document.write( "to the number x of jeans manufactured.
\n" ); document.write( "(b) What is the cost of manufacturing 400 pairs of jeans? 740 pairs?
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document.write( "(a)  They provide you a nice description of all relevant notions and quantities in finance and economy.\r\n" );
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document.write( "     So, according to this description, your linear equation is\r\n" );
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document.write( "           C = 8x + 500  dollars daily.\r\n" );
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document.write( "     The formula says that the daily cost rises from 500 dollars by 8 dollars with each manufactured pair of jeans.\r\n" );
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document.write( "(b)  To calculate the daily cost at 400 pair of jeans, substitute x= 400 into the formula and get\r\n" );
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document.write( "            C(400) = 8*400 + 500 = 3700  dollars.\r\n" );
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document.write( "     Now make the same for 740 pairs.  You may report your answer to me as your comment through the TY window.\r\n" );
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document.write( "If you do, then refer to the problem ID, which is 1207852.\r\n" );
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document.write( "Otherwise, I will not know from whom I have this comment/message.\r\n" );
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\n" ); document.write( "\n" ); document.write( "Happy learning !\r
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\n" ); document.write( "\n" ); document.write( "Come again to this forum soon to learn something new.\r
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