The cost y to produce x items is, in some cases, expressed as y=mx + b. The number b gives the fixed cost (the cost that is the same no matter how many items are produced), and the number m gives the variable cost (the cost to produce an additional item)  It costs $400 to start up a business selling campaign buttons . Each button cost $0.36 to produce. a. what is the fixed cost ?       The fixed cost is $  b. What is the variable cost ?          The variable cost is $  c. Write the cost equation     The equation cost is  D. What will be the cost to produce 400 campaign buttons , based on the cost equation ? E . How many campaign buttons will be produced if the total cost is $1048?

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,...
icon
Related questions
Question

The cost y to produce x items is, in some cases, expressed as y=mx + b. The number b gives the fixed cost (the cost that is the same no matter how many items are produced), and the number m gives the variable cost (the cost to produce an additional item) 

It costs $400 to start up a business selling campaign buttons . Each button cost $0.36 to produce.

a. what is the fixed cost ?  

    The fixed cost is $ 

b. What is the variable cost ? 

        The variable cost is $ 

c. Write the cost equation 

   The equation cost is 

D. What will be the cost to produce 400 campaign buttons , based on the cost equation ?

E . How many campaign buttons will be produced if the total cost is $1048?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Differential Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra And Trigonometry (11th Edition)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
Introduction to Linear Algebra, Fifth Edition
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
College Algebra (Collegiate Math)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education