Ryan is in the business of manufacturing phones. He 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 = 300 + 50p can be used to determine the
total cost, in dollars, of producing p phones in a given day. What is the y-intercept of
the equation and what is its interpretation in the context of the problem?
The y-intercept of the function is
which represents
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