Question

Josiah is in the business of manufacturing phones. He pays a cost of $150 per phone produced for materials and labor and also must pay a daily fixed cost of $300 to rent the building and equipment. Make a table of values and then write an equation for in terms of representing total cost, in dollars, to P producing phones in a given day.

Answer 1

Now, let’s write an equation to represent the total cost (C) in terms of the number of phones produced (P):

[C(P) = 150P + 300]

This equation calculates the total cost based on the number of phones produced (P) by adding the variable cost ($150 per phone) multiplied by the number of phones to the fixed cost ($300).