The furniture factory produces chairs in one day it costs $
and
chairs cost $
.
(a)
\Consider cost of the chair as and number of chairs as
are linearly related.
Find the cost as a function of the number of chairs produces.
\Here is the input variable and
is the output.
Therefore the linear equation is .
From the data the two points are and
.
The line equation passing through the points and
is
.
Substitute and
in the line equation.
The linear equation is .
Graph :
\(1) Draw the coordinate plane.
\(2) Draw the linear equation .
axis : Number of chairs as
.
axis : Cost of the chair as
.
(b)
\The two points are and
.
The slope of a line passing through the points and
is
.
Substitute and
in the slope.
Slope is .
It represents that the marginal cost production is $ per chair.
(c)
\The linear equation is .
From the graph the intercept is $
.
It represents that the fixed cost is $.
(a) The linear equation is and its graph is :
(b) Slope is , it represents that the marginal cost production is $
per chair.
(c) The fixed cost is $.