Algebra
posted by Anonymous
A company manufactures highend racing bicycles. The total cost to manufacture 28 bikes is $25005. The daily fixed costs are $2605. Fixed costs refers to expenses that must be paid even when producing zero bikes, such as rent, utilities, etc. Assume that total cost, C, is linearly related to the number of bicycles, x, that the company manufactures.
The cost function is:

John
C = 2605 + (25005/28)x
Respond to this Question
Similar Questions

Algebra
The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed … 
algebra
The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed … 
Math
3. The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable or suppliers costs, which are the costs to purchase the product you are selling. The portion of the company’s … 
ALGEBRA
The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed … 
MAT 117  ALGEBRA 2
The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed … 
Algebra
The RideEm Bicycles factory can produce 140 bicycles in a day at a total cost of $10,200 and it can produce 160 bicycles in a day at a total cost of $10,900. What are the company's daily fixed costs? 
algebra
The costs of doing business for a company can be found by adding fixed costs., such as rent, insurance, and wage, and variable costs, which are the costs to purchase product you are selling. The portion of the company's fixed costs … 
algebra
the costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company's fixed costs … 
algebra
A company that manufactures bikes has a fixed cost of $8,000. It cost $800 to produce each bike. The total cost for the company is a sum of fixed cost and variable costs. Write the total cost, C, as a function of the number of bikes … 
Business calculus
The RideEm bicycles factory can produce 100 bicycles in a day at a total cost of $10,100, and it can produce 120 bicycles in a day at a total cost of $10,700. A)Find a linear function that models the total cost for RideEm to produce …