Math

ProbabilityQ&A LibraryOne company manufactures high-endracing bicycles. The monthly fixed costsare $2425. The total cost to manufacture21 bikes is $19960. Assume that totalcost, C, is linearly related to the number ofbicycles, x, that the companymanufactures.A) The cost function is:PreviewRemember to use function notation.B) The total cost to manufacture 20 bikesis $C) The cost to produce each additionalbike is $Question

Asked Feb 5, 2020

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Step 1

It is given that a company is manufacturing high-end racing bicycles. The monthly fixed costs are $2425. The total cost to manufacture 21 bikes is $19,960. Also, the total cost *C* is linearly related to the number of cycles manufacture *x.*

Step 2

a)

The cost for manufacturing a bicycle is,

Thus, the cost for manufacturing a bicycle is $835.

Hence, the cost function is, *c*=$2,425+$835*x*

Step 3

b)

The total cost to manufacture 20 bikes is,

Thus, the total cost to manufacture 20 bikes is $19.125

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