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