Answer:
T he equation of the line is
Step-by-step explanation:
If A represents the Area and C represents the cost, then we know that:
For an area square feet, the cost is
If , then,
Since we know that the cost equation is a function of the area it is a linear relationship so we must find the equation of the line
Where:
m is the slope of the line
b is the intersection with the C axis ..
We already have 2 points:
(700, 30000)
(1500, 54000)
With these points we find the slope using the formula:
So the equation is:
We find b replacing the point (700, 30000) in the equation
So
The graph of the linear equation is shown in the attached image