Problem

A manager of a small manufacturing company finds that it costs $3200 to produce 100 unit...

A manager of a small manufacturing company finds that it costs $3200 to produce 100 units of its product per day and $9600 to produce 500 units per day.

a. Assuming the relationship between cost and number of units produced per day is linear, find the equation that expresses the relationship and graph the equation.

b. What does the slope of the line in part (a) mean?

c. What is the y-intercept of the line in part (a), and what does it mean?

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