A plant can manufacture 80 golf clubs per day for a total daily cost of $7,647 and

Question:

A plant can manufacture 80 golf clubs per day for a total daily cost of $7,647 and 100 golf clubs per day for a total daily cost of $9,147.

(A) Assuming that daily cost and production are linearly related, find the total daily cost of producing x golf clubs.

(B) Graph the total daily cost for 0 ≤ x ≤ 200.

(C) Interpret the slope and y intercept of this cost equation

Step by Step Answer:

Related Book For  book-img-for-question

Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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