Lillian is a business woman of manufacturing phones. she must pay a daily fixed cost to rent the building and equipment and also pays a cost per phone produced for materials and labor. let c represent the total cost in dollars of producing p phones in a given day. the table below has select values showing the linear relationship between p and c. determine fixed cost for rent and equipment? P: 2,4,6
C: 1200, 1400, 1600

1000 dollars

Step-by-step explanation:

Given

P:  ---2 -----,4 ----,6

C: 1200, 1400, 1600

Required

Calculate the fixed cost

First, we need to determine the equation that determines the relationship between P and C

We start by selecting any two corresponding values of P and C

We have that:

Calculate the slope, using:

The equation is then calculated using:

Where

and

Collect Like Terms

From the equation above,

100P represents the amount paid for P phones produced

1000 represents the fixed cost paid

C represents the total amount paid

∞ this is your sign

50

step-by-step explanation: