SOLUTION: A stationery firm produces 50 pens for $100 and 100 pens for $150. Assuming that the production volume P and cost C are linearly related, which equation represents the cost model f
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Question 705316: A stationery firm produces 50 pens for $100 and 100 pens for $150. Assuming that the production volume P and cost C are linearly related, which equation represents the cost model for producing these pens? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! I will plot , production volume, on the
vertical axis and , cost, on the
horizontal axis.
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I will use the general point-slope formula:
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check answer:
( $100, 50 )
OK
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( $150, 100 )
OK
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Here's the plot:
