Math Problem Statement
MANUFACTURING COST A manufacturer's total cost consists of a fixed overhead of $5,000 plus production costs of $60 per unit.
a. Express the total cost as a function of the number of units produced, and sketch its graph.
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Functions
Cost Analysis
Formulas
C(x) = 5000 + 60x
Theorems
Slope-Intercept Form of a Linear Equation
Suitable Grade Level
Grades 8-10