A factory produces beach umbrellas. They have a fixed cost they must pay no matter how many umbrellas they produce, and a variable cost they must pay for each umbrella they produce. The cost of producing x umbrellas is modeled by the function C(x)=2.83x+1,350 . Identify and interpret the initial value.(1 point)
The initial value in this case is the fixed cost that the factory must pay regardless of how many umbrellas they produce.
In the given function, C(x) = 2.83x + 1,350, the initial value is 1,350.
Interpreting this, it means that the factory has to pay $1,350 even if they don't produce any umbrellas. This cost is fixed and not dependent on the number of umbrellas produced.