Question

The function yields the average cost in dollars for a company to produce x copies of a comic book. Which statement best fits the situation modeled by the function? The company earns 20% of the issue price as profit from each copy sold. The company earns 20 cents as profit from each copy sold. The company spends 20% of the issue price on materials to produce each copy. The company spends 20 cents on materials to produce each copy.

Answer 1

Answer: 20cents

Step-by-step explanation;

Company spends 20 cents on materials to produce each copy

f(x) represents the average cost in dollars for a company

x represents the number of copies of comic produced by company.

Total cost in dollars for a company = 80,000 + 0.2x

Since, x is the number of copies of comic produced ,

0.2x indicates that it spends $0.2 on material to produce each copy.

Use conversion:

1 dollars = 100 cents

0.2 dollars = 20 cents.