. Cost Equation The fixed costs of operating a business arethe costs incurred regardless of the level of production.Fixed costs include rent, fixed salaries, and costs of leasingmachinery. The variable costs of operating a business arethe costs that change with the level of output. Variable costsinclude raw materials, hourly wages, and electricity. Supposethat a manufacturer of jeans has fixed daily costs of $500and variable costs of $8 for each pair of jeans manufactured.Write a linear equation that relates the daily cost C, indollars, of manufacturing the jeans to the number x of jeansmanufactured. What is the cost of manufacturing 400 pairsof jeans? 740 pairs?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
. Cost Equation The fixed costs of operating a business are
the costs incurred regardless of the level of production.
Fixed costs include rent, fixed salaries, and costs of leasing
machinery. The variable costs of operating a business are
the costs that change with the level of output. Variable costs
include raw materials, hourly wages, and electricity. Suppose
that a manufacturer of jeans has fixed daily costs of $500
and variable costs of $8 for each pair of jeans manufactured.
Write a linear equation that relates the daily cost C, in
dollars, of manufacturing the jeans to the number x of jeans
manufactured. What is the cost of manufacturing 400 pairs
of jeans? 740 pairs?
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