Math Problem Statement
A company manufacturing surfboard has fixed costs of $300 per day and total costs of $5,100 per day at a daily output of 20 boards. (A) Assuming that the total cost per day, C(x), is linearly related to the total output per day, x, write an equation for the cost function.
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Functions
Cost Functions
Algebra
Formulas
C(x) = mx + b
Theorems
Slope-Intercept Form Theorem
Suitable Grade Level
Grades 9-11
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