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Bill wants to open a business selling chairs. It will cost him a fixed amount of $1,000,000 to open a factory, and a variable cost of $5 to...

Bill wants to open a business selling chairs. It will cost him a fixed amount of $1,000,000 to open a factory, and a variable cost of $5 to manufacture each chair.

What will the total cost be to produce:

1,000 chairs?
100,000 chairs?

Write an equation that shows the total cost of producing “x” chairs.
(Hint: Total Cost = fixed cost + variable cost, y = mx+b)

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