Sure, let's break it down step by step.

1. **Identify the fixed cost**: The fixed cost is the cost that does not change with the number of chairs produced. In this case, the fixed cost is $1,050 per month.

2. **Identify the variable cost per unit**: The variable cost is the cost that changes with the number of chairs produced. Here, it costs $45 to manufacture each chair.

3. **Define the number of chairs produced**: Let $ x $ represent the number of chairs produced in a month.

4. **Formulate the total cost equation**: The total cost $ C $ is the sum of the fixed cost and the variable cost. The variable cost is the cost per chair multiplied by the number of chairs produced.

So, the total cost equation $ C $ can be written as:
$$ C = \text{Fixed Cost} + (\text{Variable Cost per Chair} \times \text{Number of Chairs}) $$

Substitute the given values:
$$ C = 1050 + (45 \times x) $$

Therefore, the company’s monthly cost equation is:
$$ C = 1050 + 45x $$

Question

Sure, let's break it down step by step.

1. **Identify the fixed cost**: The fixed cost is the cost that does not change with the number of chairs produced. In this case, the fixed cost is $1,050 per month.

2. **Identify the variable cost per unit**: The variable cost is the cost that changes with the number of chairs produced. Here, it costs $45 to manufacture each chair.

3. **Define the number of chairs produced**: Let $ x $ represent the number of chairs produced in a month.

4. **Formulate the total cost equation**: The total cost $ C $ is the sum of the fixed cost and the variable cost. The variable cost is the cost per chair multiplied by the number of chairs produced.

So, the total cost equation $ C $ can be written as:
$$ C = \text{Fixed Cost} + (\text{Variable Cost per Chair} \times \text{Number of Chairs}) $$

Substitute the given values:
$$ C = 1050 + (45 \times x) $$

Therefore, the company’s monthly cost equation is:
$$ C = 1050 + 45x $$

Knowee AI · Accepted Answer

Sure, let's break it down step by step.

1. **Identify the fixed cost**: The fixed cost is the cost that does not change with the number of chairs produced. In this case, the fixed cost is $1,050 per month.

2. **Identify the variable cost per unit**: The variable cost is the cost that changes with the number of chairs produced. Here, it costs $45 to manufacture each chair.

3. **Define the number of chairs produced**: Let $ x $ represent the number of chairs produced in a month.

4. **Formulate the total cost equation**: The total cost $ C $ is the sum of the fixed cost and the variable cost. The variable cost is the cost per chair multiplied by the number of chairs produced.

So, the total cost equation $ C $ can be written as:
$$ C = \text{Fixed Cost} + (\text{Variable Cost per Chair} \times \text{Number of Chairs}) $$

Substitute the given values:
$$ C = 1050 + (45 \times x) $$

Therefore, the company’s monthly cost equation is:
$$ C = 1050 + 45x $$

A lawn chair company has a monthly fixed cost of $1,050. It costs $45 to manufacture each chair.What is the company’s monthly cost equation?

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