Question

Natalie is in the business of manufacturing phones. She pays a cost of $50 per

phone produced for materials and labor and also must pay a daily fixed cost
of $900 to rent the building and equipment. Make a table of values and then
write an equation for C, in terms of p, representing total cost, in dollars, of
producing p phones in a given day.

Answer 1

C = 50p +900

Explanation:

Table: (phones, cost) = (0, 900), (1, 950), (2, 1000).

Equation: C = 900 +50p

__

The fixed cost (900) is the "y-intercept" of the equation in slope-intercept form. The cost per phone (50) is the "rate of change" or slope.