A factory has a linear cost functionwhere b represents fixed costs and a represents
Chapter 3, Problem 63(choose chapter or problem)
A factory has a linear cost functionwhere b represents fixed costs and a represents thelabor and material costs of making one item, bothin thousands of dollars.a. If property taxes (part of the fixed costs) areincreased by $28,000 per year, what effect doesthis have on the graph of the cost function?b. If labor and material costs for making 100,000items increase by $12,000, what effect does thishave on the graph of the cost function?
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