A manufacturer has fixed costs of $1000 to produce widgets. Each widget costs $5 to make. The fixed cost to produce gadgets is $750, and the gadget costs $3 to make.
Simplify the expression you wrote in Exercise 1.
A manufacturer has fixed costs of $1000 to produce widgets. The widget costs $5 to make. The fixed cost to produce gadgets is $750, and the gadget costs $3 to make.
Use your answers from Exercises 2 and 3 to write an expression for the total cost to make x widgets and y gadgets.
Exercises 2
A manufacturer has fixed costs of $1000 to produce widgets. Each widget costs $5 to make. The fixed cost to produce gadgets is $750, and each gadget costs $3 to make.
Write an expression for the cost to make x widgets. (Hint: The cost will be the sum of the fixed cost and the cost per item times the number of items.)
Exercises 3
A manufacturer has fixed costs of $1000 to produce widgets. Each widget costs $5 to make. The fixed cost to produce gadgets is $750, and each gadget costs $3 to make.
Write an expression for the cost to make y gadgets.
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