Question

Lily is in the business of manufacturing phones. She must pay a daily fixed cost to rent the building and equipment, and also pays a cost per phone produced for materials and labor. The equation C=900+100pcan be used to determine the total cost, in dollars, of producing pp phones in a given day. What is the slope of the equation and what is its interpretation in the context of the problem?

Answer 1

Answer:

The slope is 100

Step-by-step explanation:

Given that the equation that represents the total cost is given as

C=900+100p--------1

this equation is the same as the equation of a straight line, and we can deduce from it when we compare it the straight line equation

the equation of a line is given as

y=mx+c------2

comparing equation 1 and 2 we have the slope as

m=100

In the context of this problem m=100 means that the cost of producing a phone per material and labour cost is $100