Answer:
Dependent variable = Total daily cost
Independent variable = number of items manufactured
2500 ;
9750
Explanation:
Given the cost function in. A manufacturing company :
C(x) = 7.25x + 2500 ; Where
C(x) = total daily cost
x = number of items manufactured
The Independent variable is the variable whose value causes a change in the measured variable, this is the number of items manufactured, and the variable which charges as the predictor variable charges is the dependent variable (Total daily cost).
2.)
C(0) ;
C(x) = 7.25x + 2500
Put x = 0
C(0) = 7.25(0) + 2500
Cost = 2500
This is the total daily cost even if no items are produced, this is probably the fixed cost of daily production.
3.)
C(1000)
C(x) = 7.25x + 2500
Put x = 1000
C(0) = 7.25(1000) + 2500
Cost = 7250 + 2500
Cost = 9750
This is the total cost including variable cost of producing 1000 items.