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Austin is in the business of manufacturing phones. He must pay a daily fixed cost to rent the building and equipment, and also pays a cost per phone produced for materials and labor. Let 
C represent the total cost, in dollars, of producing 
p phones in a given day. A graph of 
C is shown below. Write an equation for 
C then state the slope of the graph and determine its interpretation in the context of the problem.
Answer Attempt 1 out of 2

C= 
◻
The slope of the function is 
◻ which represents

Austin is in the business of manufacturing phones. He must pay a daily fixed cost to rent the building and equipment, and also pays a cost per phone produced for materials and labor. Let C C represent the total cost, in dollars, of producing p p phones in a given day. A graph of C C is shown below. Write an equation for C C then state the slope of the graph and determine its interpretation in the context of the problem.\newlineAnswer Attempt 11 out of 22\newlineC= C= \square \newlineThe slope of the function is \square which represents

Full solution

Q. Austin is in the business of manufacturing phones. He must pay a daily fixed cost to rent the building and equipment, and also pays a cost per phone produced for materials and labor. Let C C represent the total cost, in dollars, of producing p p phones in a given day. A graph of C C is shown below. Write an equation for C C then state the slope of the graph and determine its interpretation in the context of the problem.\newlineAnswer Attempt 11 out of 22\newlineC= C= \square \newlineThe slope of the function is \square which represents
  1. Start Point and Fixed Cost: The graph typically starts at a point on the y-axis, which represents the fixed cost (let's call it FF). This is the cost Austin pays regardless of the number of phones produced. The graph then rises with a constant slope, which represents the variable cost per phone (let's call it vv). The equation for a line is y=mx+by = mx + b, where mm is the slope and bb is the y-intercept. In this context, C=vp+FC = vp + F.
  2. Calculating the Slope: To find the slope vv, we need two points on the graph. Let's say the graph passes through (p1,C1)(p_1, C_1) and (p2,C2)(p_2, C_2). The slope vv is calculated as (C2C1)/(p2p1)(C_2 - C_1) / (p_2 - p_1). This slope represents the cost per phone for materials and labor.
  3. Finding the Y-Intercept: The y-intercept FF is the point where the line crosses the y-axis, which occurs when p=0p = 0. This is the daily fixed cost for renting the building and equipment.
  4. Example Calculation: Now, let's assume the graph provided specific points or values for the slope and y-intercept. For example, if the graph shows that the fixed cost is $100\$100 and the cost per phone is $5\$5, the equation would be C=5p+100C = 5p + 100.
  5. Interpreting the Slope: The slope of the function is 55, which represents the cost per phone for materials and labor. This means for every additional phone produced, the total cost increases by $5\$5.

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