Math Problem Statement
The weekly cost of running a small firm is a function of the number of employees. Every week there is a fixed cost of $2000, and each employee costs the firm $350. For example, if there are 10 employees, then the weekly cost is 2000 + 350 × 10 = 5500 dollars.
(a) What is the weekly cost if there are 7 employees? $
(b) Find a formula for the weekly cost C as a function of the number of employees n. C =
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Algebra
Linear Equations
Formulas
C = 2000 + 350n
Theorems
-
Suitable Grade Level
Grades 6-8
Related Recommendation
Calculating Weekly Costs for a Small Firm with Fixed and Variable Costs
Solving a Linear Cost Function: C(x) = 7.25x + 2500
Linear Cost Equation: Fixed Costs and Variable Costs with $7 per Item
Calculating Total Cost for Producing Units of a New Product
Find the Linear Cost Function: Fixed Cost and Production Costs