Algebra 092 slope intercept form word problems

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Question description

The cost y to produce x items is, in some cases, expressed as y=mx+b. The number b gives the fixed cost (the cost that is the same no matter how many items are produced), and the number m gives the variable cost (the cost to produce an additional item).

It costs $800 to start up a business selling campaign buttons. Each button costs $0.36 to produce. Use the above information to complete exercise from a to e.

a. What is the fixed cost?

b. What is the variable cost?

c. Write the cost equation.

d. What will be the cost to produce 600 campaign buttons, based on the cost equation?

e. How many campaign buttons will be produced if the total cost is $1484?

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