Calculus with Applications (10th Edition)

Published by Pearson
ISBN 10: 0321749006
ISBN 13: 978-0-32174-900-0

Chapter 1 - Linear Functions - Chapter Review - Review Exercises - Page 40: 51



Work Step by Step

In a linear cost function, of the form $C(x)=mx+b$, the $m$ represents the marginal cost and $b$ represents the fixed cost (zero units produced). The graph of C(x) passes through the points $(36, 8480)$ and $(0,2000).$ Slope: $m=\displaystyle \frac{8480-2000}{36-0}=\frac{6480}{36}=180$. Slope-intercept equation: (b= the y-intercept) $y=180x+2000$ or $C(x)=180x+2000$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.