A company discovers that to produce x = 740 new electronic parts, it will cost y = $70020. Toproduce 500 new electronic parts, it will cost $50100.Compute the slope of the costs and choose the most accurate statement from the following:O Costs are increasing at a rate of $83 per item.O Costs are decreasing at a rate of $88 per item.O Costs are decreasing at a rate of $82 per item.O Costs are increasing at a rate of $82 per item.O Costs are decreasing at a rate of $83 per item.Costs are increasing at a rate of $88 per item.Question Help: Video Message instructorSubmit QuestionJump to Answer