Algebra 092 slope intercept form word problems

timer Asked: Mar 11th, 2015

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?

Tutor Answer

(Top Tutor) Studypool Tutor
School: Carnegie Mellon University
Studypool has helped 1,244,100 students
flag Report DMCA
Similar Questions
Hot Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors