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