A company’s yearly total production cost C is typically given by C = C(n) = F + cn, where F is fixed cost and cn, the variable cost, is cost per item, c, times the number of items produced, n. If, in 2010, 1000 items were produced at a total cost of $3500 and, in 2015, 1500 items were produced at a total cost of $5000, determine the linear function C of n. What are the numerical values of F and c?
A company’s yearly total production cost C is typically given by C = C(n) = F + cn, where F is fixed cost and cn, the variable cost, is cost per item, c, times the number of items produced, n. If, in 2010, 1000 items were produced at a total cost of $3500 and, in 2015, 1500 items were produced at a total cost of $5000, determine the linear function C of n. What are the numerical values of F and c?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A company’s yearly total production cost C is typically given by C = C(n) = F + cn, where F is fixed cost and cn, the variable cost, is cost per item, c, times the number of items produced, n. If, in 2010, 1000 items were produced at a total cost of $3500 and, in 2015, 1500 items were produced at a total cost of $5000, determine the linear function C of n. What are the numerical values of F and c?
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