Math Problem Statement
Last year, Pinwheel Industries introduced a new toy. It cost $5200 to develop the toy and $10 to manufacture each toy. Fill in the blanks below as appropriate.
A.) Give a linear equation in the form C=mn+b that gives the total cost, C, to produce n of these toys: C=
B.) The total cost to produce n=1350 toys is $.
C.) With $36700, a total of toys can be produced.
Solution
We are given the following details:
- The development cost is a fixed cost of $5200.
- Each toy costs $10 to manufacture.
- represents the number of toys produced.
A.) Linear equation for total cost
The total cost includes the fixed cost of $5200 and the variable cost of $10 per toy. Thus, the linear equation in the form is:
B.) Total cost to produce 1350 toys
Substitute into the equation :
So, the total cost to produce 1350 toys is $18,700.
C.) Number of toys that can be produced with $36,700
We are given that the total cost is $36,700. Use the equation , and set :
Solve for :
So, 3150 toys can be produced with $36,700.
Do you want further details or have any questions? Here are some related questions to explore:
- What if the fixed cost increased to $6000? How would the equation change?
- How would the cost equation change if it costs $12 to manufacture each toy?
- How many toys can be produced with $50,000?
- If 500 toys were produced, what would the total cost be?
- How does the number of toys produced affect the total cost?
Tip: When working with linear cost functions, the fixed cost is the y-intercept, and the per-unit cost is the slope.
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Math Problem Analysis
Mathematical Concepts
Linear Equations
Cost Functions
Formulas
C = 10n + 5200
C = mn + b
Theorems
-
Suitable Grade Level
Grades 6-8
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