Math Problem Statement

Madison is in the business of manufacturing phones. She must pay a daily fixed cost of $400 to rent the building and equipment, and also pays a cost of $125 per phone produced for materials and labor. Make a table of values and then write an equation for C, in terms of p, representing total cost, in dollars, of producing p phones in a given day.

Solution

Let's analyze the problem to complete the table and form the equation for the total cost CC in terms of pp, where pp represents the number of phones manufactured.

Given Information:

  1. Fixed cost: $400 (this is incurred regardless of the number of phones produced).
  2. Variable cost per phone: $125 per phone (for materials and labor).

Step-by-Step Solution:

The total cost CC of producing pp phones can be represented as: C=400+125pC = 400 + 125p where:

  • 400400 is the fixed cost.
  • 125p125p is the cost per phone multiplied by the number of phones produced, pp.

Filling in the Table

Now, we calculate the total cost for each given number of phones:

  1. When p=0p = 0: C=400+125×0=400C = 400 + 125 \times 0 = 400

  2. When p=1p = 1: C=400+125×1=525C = 400 + 125 \times 1 = 525

  3. When p=2p = 2: C=400+125×2=650C = 400 + 125 \times 2 = 650

  4. When p=3p = 3: C=400+125×3=775C = 400 + 125 \times 3 = 775

Completed Table

Number of Phones Manufactured (pp)Total Cost to Manufacture Phones (CC)
0400
1525
2650
3775

Final Equation

The equation for the total cost CC in terms of pp is: C=400+125pC = 400 + 125p

Would you like further explanation on any step, or do you have questions about how to interpret this equation?


Here are 5 related questions to expand on this topic:

  1. What would be the total cost if 10 phones were manufactured?
  2. How would the equation change if the fixed cost increased to $500?
  3. What is the cost per phone produced after accounting for the fixed cost?
  4. How many phones would Madison need to produce to reach a total cost of $1,000?
  5. If the variable cost per phone changed to $150, what would the new equation for CC be?

Tip: In word problems involving costs, separating fixed and variable costs helps you create accurate cost equations.

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Linear Equations
Cost Analysis
Fixed and Variable Costs

Formulas

C = 400 + 125p

Theorems

Linear Equation Theory

Suitable Grade Level

Grades 6-8