The cost of producing pots is the initial investment, $175, plus $3.50 in materials per pot. Therefore, the function C(p) = 175 + 3.5p defines the cost, C, of producing a number of pots, p. To the nearest cent, how much will it cost to produce 125 pots? The variable p stands for the number of pots, so you will solve this equation for p = 125. (Enter only the number without the dollar sign, such as 25.03 for twenty-five dollars and 3 cents.) How many pots can be produced if the budget is limited to $450? (Enter only the number.) Remember, the total cost is represented by C(p), so you will b
In the first two questions you used a function to calculate cost or the number of pots that can be produced. What would the graph of this function look like? (Hint: A positive slope rises to the right; a negative slope descends to the right.)
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