Question

For these problems,

x
will represent the number of items and
y
will represent the money.

The fixed costs for a certain item are $100 per week. The cost to produce each item is $6 per item.

Using this information, what is the cost equation? Give your answer in slope-intercept form:

Answer 1

y = 6x + 100

Explanation:

Slope-intercept form is y = mx + b, where m is the cost to produce each item and b is the fixed cost. Let's input the given values for m and b into the equation:

y = 6x + 100

This is the cost equation. $6 multiplied by x amount of items pluss the fixed cost of $100 gives you the total cost (y) to produce x amount of items.

Hope this helps :)