SOLVED: Cost Function: The simplest cost function is the linear cost function C(x) = mx b, where the y-intercept represents the fixed cost of operating a business and the slope m represents the variable costs. Suppose that a small bicycle manufacturer has daily fixed costs of 1500 and each bicycle costs550 to manufacture.Write a linear function that expresses the cost of manufacturing bicycles in a day:C(x) = 550x 1500
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SOLVED: Cost Function: The simplest cost function is the linear cost function C(x) = mx b, where the y-intercept represents the fixed cost of operating a business and the
VIDEO ANSWER: The daily fixed cost for each bicycle is 1800 and the cost for each bicycle is 90. No matter how many bites you take, you have to pay 1800. Your …
2023年3月14日
Cost Function Explained
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Cost Function The simplest cost function is the linear cost function, C(x)=m x b, where the y -intercept b represents the fixed costs of operating a business and the slope m represents the cost of each item produced. Suppose that a small bicycle manufacturer has daily fixed costs of 1800, and each bicycle costs 90 dollars to manufacture. (a) Write a linear model that expresses the cost C of manufacturing x bicycles in a day. (b) Graph the model. (c) What is the cost of manufacturing 14 bicycles
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