question ryan is in the business of manufacturing phones. he must pay a daily fixed cost to rent the…

question ryan is in the business of manufacturing phones. he must pay a daily fixed cost to rent the building and equipment, and also pays a cost per phone produced for materials and labor. the equation c = 300 + 50p can be used to determine the total cost, in dollars, of producing p phones in a given day. what is the y - intercept of the equation and what is its interpretation in the context of the problem? answer attempt 1 out of 3 the y - intercept of the function is which represents

question ryan is in the business of manufacturing phones. he must pay a daily fixed cost to rent the building and equipment, and also pays a cost per phone produced for materials and labor. the equation c = 300 + 50p can be used to determine the total cost, in dollars, of producing p phones in a given day. what is the y - intercept of the equation and what is its interpretation in the context of the problem? answer attempt 1 out of 3 the y - intercept of the function is which represents

Answer

Explanation:

Step1: Recall y - intercept formula

The equation of a line is in the form $y = mx + b$, where $b$ is the y - intercept. The given cost equation is $C = 300+50p$, which is in the slope - intercept form $y=mx + b$ with $C$ as $y$ and $p$ as $x$.

Step2: Identify the y - intercept

Comparing $C = 300 + 50p$ with $y=mx + b$, when $p = 0$ (the condition for finding the y - intercept), $C=300$. In the context of the problem, when $p = 0$ (no phones are produced), the cost $C$ is the fixed cost. So the fixed cost of renting the building and equipment is $300$ dollars.

Answer:

300; the daily fixed cost of renting the building and equipment (in dollars)