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Faith 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. The equation C=225p+700C=225p+700 can be used to determine the total cost, in dollars, of producing pp phones in a given day. What is the yy-intercept of the equation and what is its interpretation in the context of the problem?
Sagot :
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