Explore BrainMass

Application of Linear Equations Word Problem : Fixed Cost

A manufacturer finds that the cost y of producing x units is given by the formula of the form y=mx+b. If it costs $1300 to produce 20 units and $1750 to produce 35 units, what is the fixed cost?

Solution Preview

I think you mean to say a y = mx + b problem, which i a linear algebra problem.

In this equation, x will represent the number of units, and y will be the total cost, we need ...

Solution Summary

Fixed cost is found using systems of equations. The solution is detailed and well presented. The response received a rating of "5" from the student who originally posted the question.