A plant can manufacture 50 golf clubs per day at a total daily cost of $5409 and

Question

A plant can manufacture 50 golf clubs per day at a total daily cost of $5409 and 70 golf clubs per day for a total cost of $6409. (A) Assuming the daily cost and production are linearly related, find the total daily cost, C, of producing x golf clubs. (B) Graph the total daily cost for 0<=x<=200 (C) Interpret the slope and y intercept of the cost equation. Choose. a. The fixed cost and cost per club sum to the y intercept. The slope is the ratio of the two costs. b. The y intercept is the cost per club and the slope is the fixed cost. c. The y intercept is the fixed cost and the slope is the cost per club.

Explanation / Answer

a) 5409 = 50 x a + b 6409 = 70x a + b a= 50 b = 2909 C = 50x + 2909 slope = 50 intercept = 2909 c. The y intercept is the fixed cost and the slope is the cost per club.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.