A small-appliance manufacturer finds that if he produces x toaster ovens in a month his production cost is given by the equation  y = 7x + 3000  (where y is measured in dollars).

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 90E
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A small-appliance manufacturer finds that if he produces x toaster ovens in a month his production cost is given by the equation 

y = 7x + 3000

 (where y is measured in dollars).

(a) Sketch a graph of this linear equation.
   
   

(b) What does the slope of the graph represent?
the fixed cost of a toaster ovenhow much a toaster oven cost last month    how much a toaster oven will cost next monththe cost per toaster oventhe monthly fixed cost

What does the y-intercept of the graph represent?
the fixed cost of a toaster ovenhow much a toaster oven cost last month    how much a toaster oven will cost next monththe cost per toaster oventhe monthly fixed cost
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