Math Problem Statement
If it costs Microsoft $4,110 to manufacture 8 XBox Series X consoles in an hour and $8,190 to manufacture 16 in an hour at a particular plant, obtain the corresponding linear cost function, with C(x) in dollars.† C(x) =
What was the cost (in dollars) to manufacture each additional console? $ Use the cost function to estimate the cost (in dollars) of manufacturing 35 consoles in an hour. $
Solution
We are given two points corresponding to the number of consoles and their respective cost. These points are:
Step 1: Find the slope of the linear function
The cost function is linear, so it has the form:
where is the slope and is the y-intercept. The slope can be calculated using the formula:
Substituting the given values:
So, the slope is . This means that the cost to manufacture each additional console is $510.
Step 2: Use the slope to find the y-intercept
We now substitute one of the points (for example, and ) into the equation to find the y-intercept :
So, the y-intercept is .
Step 3: Write the cost function
Now that we have both the slope and the y-intercept, the cost function is:
Step 4: Estimate the cost of manufacturing 35 consoles
To estimate the cost of manufacturing 35 consoles, substitute into the cost function:
So, the estimated cost to manufacture 35 consoles is $17,880.
Do you want more details or have any questions?
Here are some related questions:
- How would the cost function change if the cost for 16 consoles were $9,000?
- What is the break-even point if the selling price per console is $600?
- How would you interpret the y-intercept of this cost function?
- What would the cost function be if the price per additional console decreased by $20?
- How does changing the slope affect the overall manufacturing cost?
Tip: In linear cost functions, the slope represents the variable cost per unit, while the y-intercept represents the fixed cost of production.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Algebra
Linear Functions
Slope-Intercept Form
Formulas
Slope formula: m = (y2 - y1) / (x2 - x1)
Linear cost function: C(x) = mx + b
Theorems
-
Suitable Grade Level
Grades 9-12