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 more item). A) If the fixed c

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Question 101212: 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 more item).
A) If the fixed cost is $40 and the variable cost is $10, write the cost equation.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
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 more item).
A) If the fixed cost is $40 and the variable cost is $10, write the cost equation.
Cost = 10m + 40
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Cheers,
Stan H.