Expert: Paul Klarreich - 1/8/2008

Question
The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this product is $300, and the supplier’s cost for a set of tile is $6 each. Let x represent the number of tile sets.

c.   If b represents a fixed cost, what value would represent b?

d.   Find the cost equation for the tile. Write your answer in the form C = mx + b.  

Answer
Questioner:   amanda
Category:  Advanced Math
Private:  No
 
Subject:  costs
Question:  The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this product is $300,

>> that's your fixed cost, b.

and the supplier’s cost for a set of tile is $6 each. Let x represent the number of tile sets.

>> then 6x is the variable cost.

c. If b represents a fixed cost, what value would represent b?

d. Find the cost equation for the tile. Write your answer in the form C = mx + b.

C = 6x + 300.