The cost y of producing \(x\) items is, in some cases, expressed as \(y=m x+b .\)
The number \(b\)
gives the fixed cost tane cost that is the same no matter how many items are
produced), and
the number \(m\) is the variable cost (the cost of producing an additional
item).
It costs 2000 dollar to purchase a copier, and each copy costs 0.02 dollar to
make.
(a) What is the fixed cost?
(b) What is the variable cost?
(c) Write the cost equation.
(d) What will be the cost of producing \(10,000\) copies, based on the cost
equation?
(e) How many copies will be produced if the total cost is 2600 dollar?