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Ostrovityanka [42]
3 years ago
6

The phone company splint has a monthly cellular plan where a customer pays a flat monthly fee and then a certain amount of money

per minute used on the phone. If a customer uses 360 minutes the monthly cost will be $183. If the customer uses 630 minutes the monthly cost will be $304.50.
Find the equation for the monthly cost in dollars
Mathematics
1 answer:
m_a_m_a [10]3 years ago
5 0

Answer: y = 0.45x + 21

Step-by-step explanation:

let x represent the number of minutes used in a month.

Let y represent the monthly cost for x minutes.

If we plot y on the vertical axis and x on the horizontal axis, a straight line would be formed. The slope of the straight line would be

Slope, m = (304.5 - 183)/(630 - 360)

m = 121.5/270 = 0.45

The equation of the straight line can be represented in the slope-intercept form, y = mx + c

Where

c = y intercept

m = slope

To determine the y intercept, we would substitute x = 360, y = 183 and m = 0.45 into y = mx + c. It becomes

183 = 0.45 × 360 + c

183 = 162 + c

c = 183 - 162

c = 21

The equation for the monthly cost is

y = 0.45x + 21

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Suppose that for a company manufacturing​ calculators, the​ cost, revenue, and profit equations are given by Start 1 By 3 Matrix
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  • Cost is Increasing at a rate of 20,000 per week
  • Revenue is decreasing at a rate of 100,000 per week
  • Profit is decreasing at a rate of 120,000 per week

Step-by-step explanation:

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  • Revenue, R=200x-\frac{x^2}{20}
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\frac{dx}{dt} =500\\ When  Production output x=4000

<u />

<u>Change in Cost</u>

Cost, C=90000+40x

\frac{dC}{dt} =40\frac{dx}{dt}=40*500\\\frac{dC}{dt}=20,000

<u>Change in Revenue</u>

\frac{dR}{dt} =200\frac{dx}{dt}-\frac{x}{10}\frac{dx}{dt}\\=200*500-\frac{4000}{10}*500\\\frac{dR}{dt} =-100,000

<u>Change in Profit</u>

\frac{dP}{dt} =\frac{dR}{dt}-\frac{dC}{dt}\\=-100,000-20,000\\\frac{dP}{dt}=-120,000

Therefore, when production output is 4000 and increasing at a rate of 500 calculators per week,

  • Cost is Increasing at a rate of 20,000 per week
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  • Profit is decreasing at a rate of 120,000 per week
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