Question

Write a cost function for the problem. Assume that the relationship is linear. Fixed cost, $450; 5 items cost $1370 to produce

Answer 1

Fixed cost = y intercept

Y intercept = b (in y = Mx + b)

274x + 450 = y

Explanation:

1370/5 = 274

x = items

y = total cost

274x + 450 = y