Question

Harvey is analyzing the production cost of a new product launched by his company. The initial production cost was $1,050. The production cost is at its lowest amount, $250, for 200 items, and thereafter increases as the number of items increases. Which of the following graphs represents the production cost of the product?

Answer 1

It would be the bottom left graph

Initial production: 1050

so the graph will be started at 1050 which makes top right graph incorrect

Next, the money at the lowest was 250 which makes the top left and bottom right incorrect.

leaving only the bottom right graph to be correct

Answer 2

Answer:

Graph Y

Step-by-step explanation:

Given information:

• Initial production cost = $1,050
• Lowest production cost = $250 for 200 items
• Production cost increases after 200 items.
• The x-axis shows number of items in hundreds.
• The y-axis shows the cost in dollars.

The initial production cost is when the number of items is zero.

Therefore, the y-intercept of the graph will be (0, 1050).

The lowest production cost is the minimum point of the curve.

Therefore, the vertex of the graph will be (2, 250).

The only graph that satisfies these conditions is graph Y (attached).

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