To determine the value of each electronic device, we can use the coordinates of the two points on the line: (0, 0) and (5, 40).
The first point (0, 0) indicates that when no devices are produced, the total value is $0. The second point (5, 40) indicates that when 5 devices are produced, the total value is $40.
To find the value of each device, we can calculate the value per device by dividing the total value by the number of devices produced:
\[ \text{Value per device} = \frac{\text{Total Value}}{\text{Number of devices}} = \frac{40}{5} = 8 \]
Therefore, the value of each electronic device is $8.00.
The correct answer is:
C. $8.00