Posted by **Jasmine20** on Wednesday, January 24, 2007 at 1:25pm.

The problem states:

In planning for a new item, a manufacturer assumes that hte number of items produced X and the cost in dollars C of producing these items are related by a linear equation. Projections are that 100 items will cost $10,000 to produce and that 300 items will cost $22,000 to produce. Find the equation that relates C and X.

This is what i did:

THe two points relating C and X: (100,10000) and (300,22000)

m= (22000-10000)/(300-100)=

(12000)/(300)=60

Using one of the point values for x and C and m=60 i can then solve for "B"

10000=60(100)+b

b=10000-6000=4000

Equation would be: Cost = 60x+4000

First of all, the slope is 60 but you typed (12000)/(300) and it should be (12000)/(200). The rest is right.

## Answer this Question

## Related Questions

- Phoenix - In planning for a new item, a manufacturer assumes that the number of ...
- math - Help I can go this far and then lost. In planning for a new item, a ...
- Algebra - In planning for a new item, a manufacturer assumes that the number of ...
- Business - In planning a new item, a manufactuer assumes that the number of ...
- Algebra I - In planning for a new item, a manufacturer assumes that the number ...
- Math - average rate problems(check + help) - The total cost, c, in dollars of ...
- math - * I posted this before, but I left out the equation, sorry. A company ...
- algebra - The cost of producing a number of items x is given by C = mx + b, in ...
- math - You are a manufacturer of a certain item. You’ve calculated that you can ...
- math,algebra,help - Problem states: Business and finance. The cost of producing ...

More Related Questions