SOLUTION: This is my problem and I believe I have the answer (C(x))=3x+27,000 but I don't know the proper process for illustrating this. Please help! # If the relationship between the to

Algebra ->  Functions -> SOLUTION: This is my problem and I believe I have the answer (C(x))=3x+27,000 but I don't know the proper process for illustrating this. Please help! # If the relationship between the to      Log On


   



Question 165387: This is my problem and I believe I have the answer (C(x))=3x+27,000 but I don't know the proper process for illustrating this. Please help!
# If the relationship between the total cost and the number of units produced is linear and if the total cost increases by $3 for each additional unit made:
1. Find the equation of the total cost function C(x) using the fact that C(1,000) = 30,000 (dollars) where x is the number of units produced.

Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
Since the "total cost increases by $3 for each additional unit made", this means that the slope is m=3. Also, because C(1,000) = 30,000 , this means that we have the point (1000,30000).


So let's find the equation of the line that has a slope of 3 and goes through the point (1000,30000)


If you want to find the equation of line with a given a slope of 3 which goes through the point (1000,30000), you can simply use the point-slope formula to find the equation:


---Point-Slope Formula---
y-y%5B1%5D=m%28x-x%5B1%5D%29 where m is the slope, and is the given point

So lets use the Point-Slope Formula to find the equation of the line

y-30000=%283%29%28x-1000%29 Plug in m=3, x%5B1%5D=1000, and y%5B1%5D=30000 (these values are given)


y-30000=3x%2B%283%29%28-1000%29 Distribute 3

y-30000=3x-3000 Multiply 3 and -1000 to get -3000

y=3x-3000%2B30000 Add 30000 to both sides to isolate y

y=3x%2B27000 Combine like terms -3000 and 30000 to get 27000
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Answer:


So the equation of the line with a slope of 3 which goes through the point (1000,30000) is:

y=3x%2B27000 which is now in y=mx%2Bb form where the slope is m=3 and the y-intercept is b=27000


So in function notation, the cost function is C%28x%29=3x%2B27000. So you are correct.