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 $5 each. Let x represent the number of tile sets. Note that you have a variable number of tile sets and we let x represent this variable. The cost of each set is $5. Therefore, your slope is 5.

If b represents a fixed cost, what is the value of b in dollars (see above)?

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 $5 each. Let x represent the number of tile sets.  Note that you have a variable number of tile sets and we let x represent this variable.  The cost of each set is $5.  Therefore, your slope is 5.

If b represents a fixed cost, what is the value of b in dollars (see above)?

anonymous · Answer

b = 300 (given)

C = 5x + 300

anonymous · Answer

Oh, it's that simple. Ha, well thank you.