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A company discovers that to produce x=700 new electronic parts, it will cost y=$61100. To produce 620 new electronic parts, it will cost $54460

A Company Discovers That To Produce X700 New Electronic Parts It Will Cost Y61100 To Produce 620 New Electronic Parts It Will Cost 54460 class=

Answer :

Answer:

The cost increases at a rate of $83 per item.

Step-by-step explanation:

Given two points, use the following to determine the equation:

[tex]m=\frac{y_2-y_1}{x_2-x_1}[/tex]

Given the points (700,61100) and (620, 54460), substitute and compute for the slope:

[tex]\begin{gathered} m=\frac{61100-54460}{700-620} \\ m=\frac{}{}83 \end{gathered}[/tex]

The cost increases at a rate of $83 per item.

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