Question

A company spends $2000 to set up themanufacturing line for a fastener. The cost toproduce each fastener is $8.50. Estimate how manyfasteners must be produced for the average cost ofthe fastener to fall to $21.75.

Answer 1

number of the fasteners are given as,

`\begin{gathered} n=(2000)/(21.75) \\ n=91.95\text{ } \\ n=92 \end{gathered}`