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son4ous [18]
3 years ago
12

Application of Linear Function

Mathematics
1 answer:
Yakvenalex [24]3 years ago
4 0

Answer:

see below

Step-by-step explanation:

Find the slope

m= ( 40.12 - 11.02)/ (400-100)

   = 29.1 / 300

   =.097

We can use the linear form y = mx+b

y =.097x +b

40.12 = .097 ( 400) +b

40.12 = 38.80 +b

1.32 = b

y = 0.097x + b

C(x) = .097x + 1.32

The fixed cost is b = 1.32

C(1001) =   .097(1001) + 1.32

            =98.417

The marginal cost is the cost of adding one more item, which is the slope

.097 is the marginal cost

It means to make one more cup of coffee will cost $.097

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