Parker is in the business of manufacturing phones. He must pay a daily fixed cost to rent the building and equipment, and also p

Question

2 years ago

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Parker is in the business of manufacturing phones. He must pay a daily fixed cost to rent the building and equipment, and also p

ays a cost per phone produced for materials and labor. The equation C=175p+400 can be used to determine the total cost, in dollars, of producing pp phones in a given day. What is the y-intercept of the equation and what is its interpretation in the context of the problem?

Mathematics

1 answer:

Airida [17] · Answer 1 · 2022-12-09T14:36:06+03:00

9514 1404 393

Answer:

400; building and equipment fixed cost

Step-by-step explanation:

The cost equation has two terms. The constant term (400) is the daily fixed cost of building and equipment. The variable term (175p) represents the cost of producing p phones.

The y-intercept is 400. It is the daily fixed cost of the building and equipment.