Solve the problem.
-A small company that makes hand-sewn leather shoes has fixed costs of $320 a day, and total costs of $1200 per day at an output of 20 pairs of shoes per day. Assume that total cost C is linearly related to output x. Find an
Equation of the line relating output to cost. Write the final answer in the form C = mx + b.
A) C = 44x + 320
B) C = 60x + 1520
C) C = 60x + 320
D) C = 44x + 1520

Question

Quizplus · Accepted Answer

The slope of the line is (1200 - 320) / (20 - 0) = 44. The y-intercept is 320. So the equation of the line is C = 44x + 320.

Solve the Problem. -A Small Company That Makes Hand-Sewn Leather Shoes Has Fixed