Business and finance. In planning for a new item, a manufacturer assumes that?
Business and finance. In planning for a new item, a manufacturer assumes that the number of items produced x and the cost in dollars C of producing these items are related by a linear equation. Projections are that 100 items will cost $10,000 to produce and that 300 items will cost $22,000 to produce. Find the equation that relates C and x. Can someone please explain??
Public Comments
- 10000 = 100x + b 22000 = 300x + b subtract the equations 12000 = 200x x = 60 10000 = 100(60) + b b = 10000 - 6000 = 4000 so Cost = 60 x + 4000
