/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q. 116 The fixed costs of operating a b... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 1: Q. 116 (page 42)

The fixed costs of operating a business are the costs incurred regardless of the level of production. Fixed costs include rent, fixed salaries, and costs of leasing machinery. The variable costs of operating a business are the costs that change with the level of output. Variable costs include raw materials, hourly wages, and electricity. Suppose that a manufacturer of jeans has fixed daily costs of \(500 and variable costs of \)8 for each pair of jeans manufactured. Write a linear equation that relates the daily cost C, in dollars, of manufacturing the jeans to the number x of jeans manufactured. What is the cost of manufacturing 400 pairs of jeans? 740 pairs?

Short Answer

Expert verified
  • The linear equation that relates the daily cost C, in dollars, of manufacturing the jeans to the number xof jeans manufactured: C=8x+500
  • The cost of manufacturing 400 pairs of jeans is: $3700
  • The cost of manufacturing 740 pairs of jeans is:$6420

Step by step solution

01

Step 1. Given information 

A manufacturer of jeans has fixed daily costs of $500 and variable costs of $8 for each pair of jeans manufactured.

02

Step 2. Required to find 

  • Write a linear equation that relates the daily cost C, in dollars, of manufacturing the jeans to the number x of jeans manufactured.
  • What is the cost of manufacturing 400 pairs of jeans.
  • What is the cost of manufacturing 740 pairs of jeans.
03

Step 3. Finding the linear equation 

The required equation is:C=8x+500

04

Step 4. Finding the cost of manufacturing jeans

Cost of manufacturing 400 pairs of jeans

Put x=400in above linear equation

C=8脳400+500

C=3200+500

C=3700

Cost of manufacturing 740 pairs of jeans

Put x=740in above linear equation

C=8脳740+500

C=5920+500

C=6420

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

A cereal company finds that the number of people who will buy one of its products in the first month that it is introduced is linearly related to the amount of money it spends on advertising. If it spends \(40,000 on advertising, then 100,000 boxes of cereal will be sold, and if it spends \)60,000, then 200,000 boxes will be sold.

(a) Write a linear equation that relates the amount A spent on advertising to the number x of boxes the company aims to sell.

(b) How much advertising is needed to sell 300,000 boxes of cereal?

(c) Interpret the slope.

In Problem 17-36, solve each equation algebraically. Verify your solution using a graphing utility.

x+1=4

Find the distance d(P1,P2)between the points P1andP2.

P1=(4,-3);P2=(6,4)

In Problem 17-36, solve each equation algebraically. Verify your solution using a graphing utility.

5x2=13x+6

Find the midpoint of the line segment joining the points P1 and P2 .

P1=(4,-3);P2=(6,1)
See all solutions

Recommended explanations on Math Textbooks

Theoretical and Mathematical Physics

Read Explanation

Logic and Functions

Read Explanation

Pure Maths

Read Explanation

Mechanics Maths

Read Explanation

Discrete Mathematics

Read Explanation

Decision Maths

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.