Math Problem Statement

The graph of a cost function is shown below. The cost to produce units has two parts: the fixed cost , and the variable (per unit) cost . Determine the values of and from the graph. The F is 400

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Functions
Cost Analysis
Slope-Intercept Form

Formulas

Cost Function: C(x) = F + V * x
Slope Formula: V = (y2 - y1) / (x2 - x1)

Theorems

Slope-Intercept Form

Suitable Grade Level

Grades 9-12