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1 January, 19:42

A company is planning to manufacture mountain bikes. The fixed monthly cost will be $100,000 and it will cost $200 to produce each bicycle. Write the cost function, C, of producing x mountain bikes per month. C (x) =

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  1. 1 January, 19:57
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    C (x) = fixed costs + variable costs

    Here,

    C (x) = $100,000 + ($200/bike) x, where x is the # of bikes produced.
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