Lillian is in the business of manufacturing phones. She must pay a daily fixed cost...
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Lillian is in the business of manufacturing phones. She must pay a daily fixed cost to rent the building and equipment, and also pays a cost per phone produced for materials and labor. Let C represent the total cost, in dollars, of producing p phones in a given day. The table below has select values showing the linear relationship between p and C. Determine the fixed cost for rent and equipment. p C 2 1200 4 1600 6 2000
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