Question

Find a linear equation to model this real-world application:

Answer 1

The linear equation to model the company's monthly expenses is y = 2.5x + 3650

Solution:

Let "x" be the units produced in a month

It costs ABC electronics company $2.50 per unit to produce a part used in a popular brand of desktop computers.

Cost per unit = $ 2.50

The company has monthly operating expenses of $350 for utilities and $3300 for salaries

We have to write the linear equation

The linear equation to model the company's monthly expenses in the form of:

y = mx + b

Cost per unit = $ 2.50

Monthly Expenses = $ 350 for utilities and $ 3300 for salaries

Let "y" be the total monthly expenses per month

Then,

Total expenses = Cost per unit(number of units) + Monthly Expenses

$y = 2.50(x) + 350 + 3300\\\\y = 2.5x + 3650$

Thus the linear equation to model the company's monthly expenses is y = 2.5x + 3650