A company is planning to manufacture mountain bikes. Fixed monthly cost will be $300,000 and it will cost $200 to produce each bicycle. A. Write the cost function, C, of producing x mountain bikes. C(x) = per month B. Write the average cost function, C, of producing x mountain bikes. C(x) = per month %3D C. How many mountain bikes must be produced each month for the company to have an average cost of $300 per bike? must be produced each month. Enter your answer in each of the answer boxes.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 158E: The manufacturer of an energy drink spends $1.20 to make each drink and sells them for $2. The...
icon
Related questions
icon
Concept explainers
Topic Video
Question
A company is planning to manufacture mountain bikes. Fixed monthly cost will be $300,000 and it will cost $200 to produce each bicycle.
A. Write the cost function, C, of producing x mountain bikes.
C(x) = per month
B. Write the average cost function, C, of producing x mountain bikes.
C(x) = per month
%3D
C. How many mountain bikes must be produced each month for the company to have an average cost of $300 per bike?
must be produced each month.
Enter your answer in each of the answer boxes.
Transcribed Image Text:A company is planning to manufacture mountain bikes. Fixed monthly cost will be $300,000 and it will cost $200 to produce each bicycle. A. Write the cost function, C, of producing x mountain bikes. C(x) = per month B. Write the average cost function, C, of producing x mountain bikes. C(x) = per month %3D C. How many mountain bikes must be produced each month for the company to have an average cost of $300 per bike? must be produced each month. Enter your answer in each of the answer boxes.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College