Question

A small company is creating a new product to sell to buyers. They have estimated that it will costthem $8 to produce each item and they will have start-up costs of $242000. This leads to thefollowing expression, which gives the total cost, in dollars, to produce q of these new products:8q + 242000How much will cost them to produce 10500 items?

Answer 1

Recall that to evaluate an expression at a given value, we substitute the variable by the given value.

Substituting q=10500 in the given expression we get:

$8\cdot10500+242000.$

Simplifying the above sum we get:

$84000+242000=326000.$

Answer: It will cost them 326000 dollars to produce 10500 items.