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The slope is 100. It represents the cost per wristband.
The y-intercept is 1500. It represents the fixed cost to manufacture the wristbands.
The y-intercept is 1500. It represents the fixed cost to manufacture the wristbands.
a. The slope is 100. It shows the cost per wristband.
b. The y-intercept is 1500. It shows the fixed cost for manufacturing the wristbands.
Given that,
- The fixed cost of $1,500 for manufacturing the wristbands.
- And, there is $100 per unit.
Based on the above information, we can conclude that
a. The slope is 100. It shows the cost per wristband.
b. The y-intercept is 1500. It shows the fixed cost for manufacturing the wristbands.
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