The management of a company that manufactures skateboards has fixed costs (costs at 0 output) of $300
Question:
The management of a company that manufactures skateboards has fixed costs (costs at 0 output) of $300 per day and total costs of $4,300 per day at an output of 100 skateboards per day. Assume that cost C is linearly related to output x.
(A) Find the slope of the line joining the points associated with outputs of 0 and 100, that is, the line passing through (0, 300) and (100, 4,300).
(B) Find an equation of the line relating output to cost. Write the final answer in the form C = mx + b.
(C) Graph the cost equation from part (B) for 0 ≤ x ≤ 200.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
Question Posted: