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). If the fixed cost is

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Question 44495This question is from textbook 0-07-301602-0
: 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). If the fixed cost is $40 and the variable cost is $10, write the cost equation.
Please Help I'm at a lost. This question is from textbook 0-07-301602-0

Answer by venugopalramana(3286) About Me  (Show Source):
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The cost of producing a number of items x is given by C=mx + b,
in which b is the fixed cost=40
and m is the variable cost =10
(the cost of producing one more item). If the fixed cost is $40 and the variable cost is $10, write the cost equation.
HENCE
C=10X+40 IS THE COST EQN.
Please Help I'm at a lost.