A company that manufactures bicycles has a fixed cost of \( \$ 100,000 \). It costs \( \$ 200 \) to produce each bicycle. The total cost for the company is the sum of its fixed cost and variable costs. Write the total cost, \( C \), as a function of the number of bicycles produced, \( x \). Then, find and interpret \( C(110) \). The total cost function is \( C(x)=\square \).
Real Tutor Solution
Answer
Solution
Sign in to Unlock Answers for Free!
A Learning Platform Trusted by Millions of Real Students and Teachers.
Reviewed and approved by the UpStudy tutoring team
Extra Insights
The total cost function, \( C(x) \), can be expressed as the sum of the fixed costs and the variable costs. Given that the fixed cost is \( \$100,000 \) and it costs \( \$200 \) to produce each bicycle, the function is: \( C(x) = 100,000 + 200x \). Now, to find \( C(110) \), we can substitute \( x = 110 \): \( C(110) = 100,000 + 200(110) = 100,000 + 22,000 = 122,000 \). This means that if the company produces 110 bicycles, the total cost will be \( \$122,000 \). This cost covers both the fixed expenses and the variable expenses associated with manufacturing those bicycles!