Raymond B. answered 08/31/22
Math, microeconomics or criminal justice
(42, 4520) and (107, 10695)
(10695 -4520)/(107-42)
= 6175/65
= 1235/13
= 95 = (y-4520)/(x-42)
y-4520 = 95(x-42)
y = 95x -42(95)- + 4520
y = 95x --3990 +4520
y = 95x+ 530
Joe F.
asked 08/31/22A company manufactures small refrigerators. The total cost to manufacture 42 refrigerators is $4520. The total costs to manufacture 107 refrigerators is $10695. Assume that total cost, C, is linearly related to the number of refrigerators, x, the company manufactures and includes a fixed cost and a cost per refrigerator.
A) Write the cost function, C(x)C(x) in terms of x, the number of refrigerators manufactured.
Raymond B. answered 08/31/22
Math, microeconomics or criminal justice
(42, 4520) and (107, 10695)
(10695 -4520)/(107-42)
= 6175/65
= 1235/13
= 95 = (y-4520)/(x-42)
y-4520 = 95(x-42)
y = 95x -42(95)- + 4520
y = 95x --3990 +4520
y = 95x+ 530
Robert K. answered 08/31/22
Experienced Math Tutor Who Will Improve Both Understanding and Grades
We will set this up as a linear equation with x as the number of refrigerators and C as the cost to manufacture x refrigerators.
We have the points (42,4520) and (107, 10695). First find the slope which is (10695 - 4520)/(107 - 42) = 6175/65 = 95.
This is the fixed cost which is $95 for each additional refrigerator.
Now to find the fixed cost we use one of the points. 4520 = 95(42) + b
From this b = $530
We check with the other point
10695 =? 95(107) + 530
It checks so our equation is C(x) = 95x + 530
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