SOLUTION: Business and finance. 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)

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Question 66683: Business and finance. 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.
(b) Graph the cost equation.

Answer by stanbon(75887) About Me  (Show Source):
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Business and finance. 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.
C(x)=10x+40
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(b) Graph the cost equation.
graph%28300%2C200%2C-1%2C25%2C-1%2C100%2C10x%2B40%29
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Cheers,
Stan H>