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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
- Mary75Lv 68 years agoFavorite 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
- bskelkarLv 78 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.
- Anonymous8 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.
- david hLv 68 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