Question: The cost function for a company is C(x) = 90x + 1,800, where x is the number of units produced. What is the y-intercept, and

The cost function for a company is C(x) = 90x + 1,800, where x is the number of units produced. What is the y-intercept, and what does it represent?

1,800. It represents the cost to produce each unit.

90. It represents the fixed costs.

1,890. It represents the total costs.

1,800. It represents the fixed costs of producing zero units.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

The cost function for a company is C(x) = 90x + 1,800, where x is the number of units produced. What is the y-intercept, and what does it represent?

Q:

Legibly Printed Family/Last Name: Legibly Printed Given/FirstName: Signature: M119 Seat number: EXAM 3 14th April 2015 READ THIS: For each of the problems that begin on the next page, find the one...

Q:

quesitons 1 and 2. X Company is considering buying a part in 2022 that it currently makes. The budgeted cost function to produce the part is $9.87X + $15,750, where X is the number of units produced....

Q:

X Company is considering buying a part in 2022 that it currently makes. The budgeted cost function to produce the part is $11.71X + $10,560, where X is the number of units produced. A company has...

Q:

X Company is considering buying a part next year that it currently makes. The budgeted cost function to produce the part is $11.51X + $15,400, where X is the number of units produced. A company has...

Q:

X Company is considering buying a part next year that it currently makes. The budgeted cost function to produce the part is $11.21X + $13,120, where X is the number of units produced. A company has...

Q:

X Company is considering buying a part in 2022 that it currently makes. The budgeted cost function to produce the part is $10.99X + $15,510, where X is the number of units produced. A company has...

Q:

X Company is considering buying a part next year that it currently makes. The budgeted cost function to produce the part is $10.24X + $14,400, where X is the number of units produced. A company has...

Q:

X Company is considering buying a part in 2022 that it currently makes. The budgeted cost function to produce the part is $11.77X + $9,600, where X is the number of units produced. A company has...

Q:

X Company is considering buying a part next year that it currently makes. The budgeted cost function to produce the part is $10.07X + $9,600, where X is the number of units produced. A company has...

Q:

1. Identify some of the main issues involved in the challenge of defining white collar crime. What arguments can be made for and against favoring the term white collar crime over the term elite...

Q:

You are considering opening a bagel restaurant aimed primarily at the breakfast trade. Youll sell bagels, coffee, and other items in relatively fixed proportions to one another. For each bagel sold,...

Q:

After taking Vicodin for 2 years for chronic pain, a 4 0 - year - old woman finds that her usual dosage is no longer effective and goes to the doctor to request a higher dosage. This is an example...

Q:

1. PREPARE THE INCOME STAMENTS, STATEMENT OF OWNERS EQUITY AND BALANCE SHEET FOR THE FIRST YEAR OF OPERATION. (90 points). Alto Publishers Company's selected accounts as of November 30, 2012, follow:...