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15 December, 02:50

A company that manufactures bicycles has a fixed cost of $100 comma 000. It costs $200 to produce each bicycle. The total cost for the company is the sum of its fixed cost and variable costs. Write the total cost, C, as a function of the number of bicycles produced, x. Then, find and interpret

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  1. 15 December, 03:08
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    Total cost (TC) = 100,000 + 200X

    Explanation:

    Total cost (TC) = Fixed cost (FC) + Variable cost (VC)

    Fixed cost (FC) = 100,000

    Variable cost (VC) = 200X

    Total cost (TC) = 100,000 + 200X

    We have a fixed cost of $100,000 which means that the amount of bicycles produced does not matter, the fixed cost will always be $100,000 (this includes costs such as rental). The variable cost is $200, which means that for each bicycle produced our total cost will increase by $200.
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