Question A company discovers that to produce x = 980 new electronic parts, it will cost y = $86,720. To produce 750 new electronic parts, it will cost $67,400. Compute the slope of the costs and choose the most accurate statement from the following: Select the correct answer below: Costs are increasing at a rate of $81 per item. Costs are increasing at a rate of $88 per item. Costs are decreasing at a rate of $88 per item. Costs are decreasing at a rate of $84 per item. Costs are increasing at a rate of $84 per item. Costs are decreasing at a rate of $81 per item.

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.5: Linear Functions And Models
Problem 50E: Manufacturing Cost The manager of a furniture factory finds that it costs 2200 to produce 100 chairs...
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A company discovers that to produce x = 980 new electronic parts, it will cost y = $86,720. To produce 750 new
electronic parts, it will cost $67,400.
Compute the slope of the costs and choose the most accurate statement from the following:
Select the correct answer below:
Costs are increasing at a rate of $81 per item.
Costs are increasing at a rate of $88 per item.
Costs are decreasing at a rate of $88 per item.
Costs are decreasing at a rate of $84 per item.
Costs are increasing at a rate of $84 per item.
Costs are decreasing at a rate of $81 per item.
Transcribed Image Text:Question A company discovers that to produce x = 980 new electronic parts, it will cost y = $86,720. To produce 750 new electronic parts, it will cost $67,400. Compute the slope of the costs and choose the most accurate statement from the following: Select the correct answer below: Costs are increasing at a rate of $81 per item. Costs are increasing at a rate of $88 per item. Costs are decreasing at a rate of $88 per item. Costs are decreasing at a rate of $84 per item. Costs are increasing at a rate of $84 per item. Costs are decreasing at a rate of $81 per item.
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