Write an Equation of the Line Satisfying the Given Conditions $- \frac { 6 } { 7 }$

question 110

Multiple Choice

Write an equation of the line satisfying the given conditions. Write the answer in standard form.
-The line has a slope of $- \frac { 6 } { 7 }$ and contains the point $( - 5 , - 8 )$ .

• A) \(y = - \frac { 6 } { 7 } x - \frac { 86 } { 7 }\)
• B) \(6 x + 7 y = - 86\)
• C) \(\frac { 6 } { 7 } x + y = \frac { 83 } { 7 }\)
• D) \(6 x + 7 y = 86\)

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Definitions:

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent or salaries.

Profit-maximizing

The process of adjusting output and production levels to achieve the highest possible profits.

Output Units

A measure of production that represents the total quantity of goods and services produced over a specific period of time.

ATC

Average Total Cost, a firm's total cost divided by its total output.