Math Problem Statement

David wants to invest capital in a range of new products. He finds that it costs him a fixed amount of $10 to buy materials for each new product. He also needs to pay an additional cost per unit for labor and materials. Each unit of the product will cost $0.15 in shipping. David wants to produce 100 units of his new product. Write the function that gives the total cost for n units of the new product.

Solution

The image contains a word problem related to the cost of producing units of a new product. Here's the problem statement:


Problem: David wants to invest

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Math Problem Analysis

Mathematical Concepts

Linear Functions
Cost Analysis

Formulas

Total Cost = Fixed Cost + (Variable Cost per Unit * n) + (Shipping Cost per Unit * n)

Theorems

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Suitable Grade Level

Grades 8-10