Question

The cost of production, C, of producing x number of electronic goods in one year is modeled by the equation C = 145x + 1250. What does the slope in this situation represent

Answer 1

The marginal production cost

Explanation:

When x increases by 1 unit, the cost C goes up by 145. The slope (145) represents the cost of producing 1 additional unit. Usually, that is the variable cost of the unit.