A Company Distributes College Logo Sweatshirts and Sells Them for $50

question 6

Multiple Choice

A company distributes college logo sweatshirts and sells them for $50 each. The total cost function is linear, and the total cost for 100 sweatshirts is $4,620, whereas the total cost for 250 sweatshirts is $7,620. Find the equation for the total cost function where x is the number of sweatshirts produced and sold. ​

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Definitions:

Total Savings

The sum of all savings held by an individual or institution, often including bank accounts, investments, and other forms of financial reserves.

Annual Return

The percentage change in value of an investment over a one-year period, accounting for any dividends or interest earned.

Yearly Contribution

The amount of money contributed to an investment or savings account on an annual basis.

Traditional Retirement Plan

A tax-deferred retirement savings account where contributions may lower current taxable income and earnings grow tax-free until withdrawn.