Question 172529: I would appreciate any help on the below questions. I have tried to answer, but am not sure if this is correct.
The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this product is $300, and the supplier’s cost for a set of tile is $6 each. Let x represent the number of tile sets.
c. If b represents a fixed cost, what value would represent b?
d. Find the cost equation for the tile. Write your answer in the form C = mx + b.
For question C above I used b = 300. Is this correct?
for question D above I used C = -50x + 300 is this correct?
Answer by Mathtut(3670)   (Show Source):
You can put this solution on YOUR website! correct on c
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but d should be $6 per textile set which is represented by x
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so Cost ....C=6x+300........remember your figuring cost here the cost would be
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reduced if you had -50x.....
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