What is the slope and y-intercept?
1 answer:
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Answer:
The company's daily fixed cost=$8000
The marginal cost per cycle=Slope=$ 25
Step-by-step explanation:
We are given that
Factory produces bicycle in a day=100
Total cost,$10,500
Factory produces bicycles in a day,=120
Total cost=$11,000
There are two points (100,10500) and (120,11000)
Slope =
Using the formula
Slope-intercept form
Where m=Slope of line
c=y-intercept
Substitute the values
y-intercept=8000
Substitute the values in the equation
Therefore, company's daily fixed cost=$8000
The marginal cost per cycle=Slope=$ 25
Step-by-step explanation:
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