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I am really stumped on this math problem?

For some reason I just can't figure this problem out. I've literally been at it all night,

"A manufacturer finds that the cost C (in dollars) of producing a new product line and the number of items, x, produced are related by a linear equation. Suppose that the cost of producing 50 items will be $3750 and the cost of producing 400 items will be $12,500. Use this information to find the cost of producing 470 items."

I have tried functions, the slope-intersect formula. And nothing seems to be giving me the correct answer. According to the book, the answer should be, $14,250. Somehow though, I keep coming up with $11,000 something (It's been a long night, I don't remember what the exact value was that I came up with, but it was just over 11,000). Before you think I'm crazy for spending so much time on one problem, I would like to mention that a test I'm taking soon is littered with these kinds of modelling problems. So I've been very careful to make sure that I fully understand everything that's happening. If someone could help me with this, I would appreciate very very much.

4 Answers

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  • Mary75
    Lv 6
    8 years ago
    Favorite Answer

    A manufacturer finds that the cost C (in dollars)

    of producing a new product line and the number of items,

    x, produced are related by a linear equation.

    Suppose that the cost of producing 50 items will be $3,750

    and the cost of producing 400 items will be $12,500.

    Use this information to find the cost of producing 470 items.

    F + 50x = 3,750

    F + 400x = 12,500

    350x = 8,750

    x = 25

    F = 2,500

    The cost of producing 470 items:

    (F + 470x = 2,500 + 11,750)

    = $14,250

  • 8 years ago

    All night for this? use the information "linear equation" It means C = ax+b for some a and b.

    now use the other information.3750 = a(50) +b and 12500 = 400a + b

    Subtracting we get, 350a = 8750 so a = 25 and then you can calculate b = 2500

    so C = 25x+2500. now for x = 470, C = 25(470)+2500 = 14250. As simple as that.

  • Anonymous
    8 years ago

    Here we use the information . 3750 = a(50) +b and 12500 = 400a + b

    Subtracting we get, 350a = 8750 so a = 25 and then you can calculate b = 2500

    so C = 25x+2500. now for x = 470, C = 25(470)+2500 = 14250. As simple as that.

  • 8 years ago

    y = mx + c

    $3,750 = 50x + c

    Also

    $ 12,500 = 400x + c

    subtract one from the other

    $12,500 - $3,750 = 400x - 50x +c - c

    $8,750 = 350x

    $875 = 35x

    $175 = 7x

    $25 = x

    $3,750 = 50x + c

    But x = $25

    so $3,750 = 50 * $25 + c

    $3,750 = $1,250 + c

    $2,500 = c

    So y = mx + c

    y = 470*$25 + $2,500

    y= $11,750 + $2,500

    y = $14,250

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