Skip to content
Exercise 12.1 · Q9

Q.A company produces shoes. When 30 shoes are produced the total cost of production is Rs. 1500. When 50 shoes are produced the costs increases to Rs. 2000. What is the cost equation (C) if it varies linearly in function to the number of shoes produced (q).

CBSENCERTSubjective· 3mImportance★★★★★est
23% · 9/40 Questions
🔒 Locked · start free trial →

You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.

Start your 14-day free trial to unlock the full solution →

Fit a straight line C=mq+cC=mq+c through the two given (quantity, cost) points.

For a line through (q1,C1)(q_1,C_1) and (q2,C2)(q_2,C_2): slope m=C2−C1q2−q1m=\dfrac{C_2-C_1}{q_2-q_1}, and point-slope form C−C1=m(q−q1)C-C_1=m(q-q_1).

  1. Given points: (q1,C1)=(30, ₹1500)(q_1,C_1)=(30,\ ₹1500) and (q2,C2)=(50, ₹2000)(q_2,C_2)=(50,\ ₹2000).
  2. Slope: m=2000−150050−30=50020=25m=\dfrac{2000-1500}{50-30}=\dfrac{500}{20}=25 (₹ per shoe).
  3. Point-slope form using (30,1500)(30,1500): C−1500=25(q−30)C-1500=25(q-30).
  4. Expand: C=25q−750+1500=25q+750C=25q-750+1500=25q+750. …

Unlock everything free for 14 days

  • Full step-by-step solutions
  • Concept-first explanations
  • Methods, shortcuts & mistakes
  • PYQ mapping + timed mock tests

Full access for 14 days. No credit card required.