The simplest cost function is the linear cost function C (x) = mx+b, where the y-intercept b represents the fixed cost of operating a business and the slope m represents the variable costs. Suppose that a small bicycle manufacturer has daily fixed costs of $1900 and each bicycle costs $40 to manufacture. a. Write a linear function that expresses the cost of manu. x bicycles in a day. C (x) = b. Graph the linear function.

Question

Zachary

Mathematics

24 November, 12:08

The simplest cost function is the linear cost function C (x) = mx+b, where the y-intercept b represents the fixed cost of operating a business and the slope m represents the variable costs. Suppose that a small bicycle manufacturer has daily fixed costs of $1900 and each bicycle costs $40 to manufacture. a. Write a linear function that expresses the cost of manu. x bicycles in a day. C (x) = b. Graph the linear function.

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Madden Irwin · Answer 1

Answer: C (x) = 40X + 1900

Step-by-step explanation: given from the question,

daily fixed costs = $1900 and

daily variable costs = $40

the linear cost function C (x) = mx+b, where the y-intercept b represents the fixed cost of operating a business and the slope m represents the variable costs

The cost of manufacturing x bicycle per day will be

C (x) = 40X + 1900