Cost Analysis of Toy Production

The video tutorial explains how to solve a real-world application problem using a linear equation. It involves calculating the total cost of producing toys, given a fixed development cost and a variable manufacturing cost per toy. The tutorial demonstrates how to derive the cost equation, calculate the total cost for a specific number of toys, and determine the number of toys that can be produced with a given budget.

What is the fixed cost associated with developing the toy?

• $4

• $31,400

• $5,400

• $4,500

In the equation C = M x N + B, what does the variable N represent?

• Cost per toy

• Fixed cost

• Total cost

• Number of toys produced

What is the cost to manufacture each toy?

• $31,400

• $4

• $18,000

• $5,400

What does the constant B represent in the equation C = M x N + B?

• Number of toys

• Fixed development cost

• Total cost

• Variable cost per toy

How is the total cost equation represented using the given information?

• C = 4 x N + 5,400

• C = 5,400 x N + 4

• C = 4 + 5,400 x N

• C = 5,400 + 4

What is the purpose of the linear equation in this problem?

• To calculate the number of toys produced

• To determine the fixed cost

• To find the total cost of producing toys

• To identify the cost per toy

What is the total cost to produce 4,500 toys?

• $31,400

• $5,400

• $23,400

• $18,000

If the total cost is $31,400, how many toys can be produced?

• 7,000

• 6,500

• 5,400

• 4,500

What is the first step to solve for N when given the total cost?

• Multiply both sides by 4

• Add 5,400 to both sides

• Divide both sides by 4

• Subtract 5,400 from both sides

What is the result of dividing 26,000 by 4 in the context of this problem?

• 6,500

• 31,400

• 4

• 5,400