Question

The simplest cost function is the linear cost function C(x)=mx+b, where the y-intercept b 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 $1900 and each bicycle costs $40 to manufacture.a. Write a linear function that expresses the cost of manu. x bicycles in a day.C(x)=b. Graph the linear function.

Answer 1

Answer: C(x) = 40X + 1900

Step-by-step explanation: given from the question,

daily fixed costs = $1900 and

daily variable costs = $40

the linear cost function C(x)=mx+b, where the y-intercept b represents the fixed cost of operating a business and the slope m represents the variable costs

The cost of manufacturing x bicycle per day will be

C(x) = 40X + 1900