Cook Reese
07/13/2023 · Elementary School
Madelyn is in the business 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. The labor and materials cost \( \$ 100 \) for each phone manufactured, and the total cost of producing 8 phones in a day would be \( \$ 1500 \). Write an equation for \( C \), in terms of \( p \), representing total cost, in dollars, of producing \( p \) phones in a given day.
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The equation for the total cost \( C \) in terms of the number of phones produced \( p \) is \( C = 700 + 100p \).
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