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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
21 Oct 2021

Given information

Let denote the number of chairs produced in one day and denote the associated cost of production.

 

Given two points  

Step-by-step explanation

Step 1.

Equation of a linear(straight line) is:

 

Where, is the slope of the line and is the  

The equation of the line, in this case, can be found by:

 

Plugging the values,

 

On evaluating,

 

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