Solve the Problem. -The Mathematical Model C = 600 X + 30,000 Represents

question 34

Multiple Choice

Solve the problem.
-The mathematical model C = 600 x + 30,000 represents the cost in dollars a company has in manufacturing x items during a month. Using this model, how much does it cost to produce 600 items?

• A) $50.00
• B) $0.08
• C) $360,000
• D) $390,000

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Definitions:

Insurance Policy

An insurance policy is a contract between an insurer and the insured, detailing the terms under which the insurer agrees to compensate for specific financial losses or damages.

Utmost Good Faith

A legal doctrine requiring parties to act with honesty and not mislead or withhold information from each other.

Co-insurance Clause

A provision in insurance policies that divides the risk of loss between the insurer and the insured, based on a fixed percentage of the value of the insured item.

Insured

A person or entity covered under an insurance policy, receiving financial protection or reimbursement against losses.