Question

A plant can manufacture 50 golf clubs per day at a total daily cost of $5367 and 80 golf clubs per day for a total cost of $7617.
(A) Assuming that daily cost and production are lineraly related, find the total daily cost, C, of producing x golf clubs.
(b) Interpret the slope and y intercept of the cost equation.
a. The fixed cost and cost per club sum to the y intercept. The slope is the ratio of the two costs.
b. The y intercept is the fixed cost and the slope is the cost per club.
c. The y intercept is the cost per club and the slope is the fixed cost.