Question

1. Find the equation of the line going through (2, -1) and (3,7) 2. Anvils are...

1. Find the equation of the line going through (2, -1) and (3,7)

2. Anvils are produced with fixed cost of $20,000. Variable cost for each anvil are 10$. If company sells q units , the revenue is given by R(q)=15q What is the profit the make by selling 10,000 anvils?

Homework Answers

Answer #1

1)

we have

the slope of the line is,

the equation of line is,

2)

from the given data,

the total cost function,

the profit function,

put x = 10000,

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