Problem

Cost analysis. A plant can manufacture 50 tennis rackets per day for a total daily cost...

Cost analysis. A plant can manufacture 50 tennis rackets per day for a total daily cost of $3,855 and 60 tennis rackets per day for a total daily cost of $4,245.

(A) Assuming that daily cost and production are linearly related, find the total daily cost of producing x tennis rackets.

(B) Graph the total daily cost for 0 ≤ x ≤ 100.

(C) Interpret the slope and y intercept of this cost equation.

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