The simplest cost function is the linear cost function C(x) = ax + b, where b represents the fixed costs of operating a business and a represents the costs associated with manufacturing one additional item. Suppose that a small bicycle manufacturer has daily fixed costs of $1942 and each bicycle costs $73 to manufacture. Suppose that the government imposes a tax of $4 per bicycle manufactured for the business. ... (a) Write a linear function that expresses the total cost C(x) when x bicycles are manufactured in a day. C(x) = 77x + 1942 (b) What is the total cost when 5 bicycles are manufactured in a day? The total cost when 5 bicycles are manufactured in a day is $ 2327 (c) How many bicycles can be manufactured for a total cost of $2943? bicycles

The simplest cost function is the linear cost function C(x) = ax + b, where b represents the fixed costs of operating a business and a represents the costs associated with manufacturing one additional item. Suppose that a small bicycle manufacturer has daily fixed costs of $1942 and each bicycle costs $73 to manufacture. Suppose that the government imposes a tax of $4 per bicycle manufactured for the business. ... (a) Write a linear function that expresses the total cost C(x) when x bicycles are manufactured in a day. C(x) = 77x + 1942 (b) What is the total cost when 5 bicycles are manufactured in a day? The total cost when 5 bicycles are manufactured in a day is $ 2327 (c) How many bicycles can be manufactured for a total cost of $2943? bicycles

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section1.3: Lines

Problem 92E

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