A model of the cost to make a product is y= { }x+$60,000. What does the -intercept and the slope of this line represent?
A) fixed cost per month; cost to make each product
B) cost to make 75 products; fixed cost per month
C) cost to make each product; fixed cost per month
D) fixed cost per month; cost to make 75 products
E) none of these

Question

A model of the cost to make a product is y= {  }x+$60,000. What does the  -intercept and the slope of this line represent?
A) fixed cost per month; cost to make each product 
B) cost to make 75 products; fixed cost per month 
C) cost to make each product; fixed cost per month 
D) fixed cost per month; cost to make 75 products 
E) none of these

Quizplus · Accepted Answer

The Answer of A model of the cost to make a product is y= {  }x+$60,000. What does the  -intercept and the slope of this line represent?
A) fixed cost per month; cost to make each product 
B) cost to make 75 products; fixed cost per month 
C) cost to make each product; fixed cost per month 
D) fixed cost per month; cost to make 75 products 
E) none of these

A Model of the Cost to Make a Product Is