Question

The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this product is $300, and the supplier’s cost for a set of tile is $6 each. Let x represent the number of tile sets.

This one really as got me stumped. I have to find the cost equation for tiles. If 300+6x equals the fixed cost I believe because 300 is partial and $6 a tile times the amount would equalt the rest

Answer 1

do I find 2 points by plugging them into the equation?

Answer 2

then making a point slope equation inf hte form if c=mx+b

Answer 3

total cost = fixed costs + variable costs

Answer 4

to find a cost equation

Answer 5

C(x) = 6x + 300 is right

Answer 6

cool. catching on lol

Answer 7

think of it as living in your house; you have fixed cost of house payments; but your light bill and water bill tend to vary from month to month

Answer 8

the total amount of the cost of living in your house is then; fixed costs + whatever else comes up that is not constant

Answer 9

ok. Great then I answered my own question always the best way.

Answer 10

now I have to subtract the two equations lol

Answer 11

yes, revenue - expenses = net income

Answer 12

money in - money out = money left over

Answer 13

easier than making them.

Answer 14

hey how do I get profits if I did not sell tiles? I wouldnt right int he equation p= x^2+56x+300 300 would be left over if I plugged 0 in but that is not right

Answer 15

you have to sell tiles to get profit