Assume that a producer knows that the total manufacturing cost of 1000 units of his product is 8,500 dollars , while the total cost of manufacturing 2000 units is 11,500 dollars. Assuming that this relationship between the cost and the number of manufactured units is linear, find the relationship, graph the equation and interpret the graph. What is the total cost of production of 2500 units?
2026-03-30 06:45:51.1774853151
Cost of production
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HINT: Use $y=mx+c$ for both the points where $m$ is the slope and $c$ is the $y-intercept$.
$m={x_2-x_1 \over {y_2-y_1}}$.