Math Problem Statement

The manager of a furniture factory finds that it costs $ 2300 to manufacture 110 chairs in one day and $ 5000 to produce 295 chairs in one day.

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Functions
Cost Analysis
Systems of Equations

Formulas

C(x) = mx + b (Linear Cost Model)
Substitution method for solving systems of equations

Theorems

Linear Equation System

Suitable Grade Level

Grades 9-12