Math Problem Statement
You are given the cost per item and the fixed costs. Assuming a linear cost model, find the cost equation, where C is cost and x is the number produced. Cost per item = $7, fixed cost = $9600 C(x) =
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Equations
Cost Functions
Formulas
C(x) = Fixed Cost + (Cost per item) × x
Theorems
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Suitable Grade Level
Grades 8-10
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