Question 1140665
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Your cost is the initial investment of $40,000, plus $0.70 for each basket you make.  If x is the number of baskets you make, then your total cost is<br>
{{{40000+0.70x}}}<br>
The average cost per basket is your total cost, divided by the number of baskets:<br>
{{{(40000+0.70x)/x}}}<br>
You want to know when the average cost per basket is $1.50:<br>
{{{(40000+0.70x)/x = 1.50}}}<br>
Solve using basic algebra....