The selling price s , of an item is S equals C plus MC where C is the cost of the item and Emma is the percent markup based on c
1 answer:
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<span> For this case we have the following equation:
</span>
<span> Where,
x: number of chips
c (x): total cost
To find the fixed cost, we must find the intersection with the y axis of the given equation.
So we have that for x = 0:
</span>
<span>
Therefore, the fixed production cost is given by:
</span>
<span> Answer:
The fixed cost of producing the chips is:
c (0) = 12000</span>
</span>
<span> Where,
x: number of chips
c (x): total cost
To find the fixed cost, we must find the intersection with the y axis of the given equation.
So we have that for x = 0:
</span>
Therefore, the fixed production cost is given by:
</span>
<span> Answer:
The fixed cost of producing the chips is:
c (0) = 12000</span>