Paper:Mate:gorlain15. A company is planning to manufacture mountain bikes. The fixed monthly cost will be $100,000 and it willcost $100 to produce each bicycle.Write the cost function, C, of producing x mountain bikes.а.b. Write the average cost function, C, of producing x mountain bikes.Find C(500), Č(4000).c.d. What is the horizontal asymptote for the graph of the average cost function, C? Describe what thismeans in practical terms.МАТ 171Section 2.6 LabPage 2 of 4

Given that fixed monthly cost for manufacturing mountain bikes is $100,000. Cost of each bicycle is…

A company is planning to manufacture mountain bikes. The fixed monthly cost will be S100,000 and it will cost $100 to produce each bicycle. a. Write the cost function, C, of producing x mountain bikes. b. Write the average cost function, C, of producing x mountain bikes. Find C(500), C(4000). с. d. What is the horizontal asymptote for the graph of the average cost function, C? Describe what this means in practical terms.

A company is planning to manufacture mountain bikes. The fixed monthly cost will be S100,000 and it will cost $100 to produce each bicycle. a. Write the cost function, C, of producing x mountain bikes. b. Write the average cost function, C, of producing x mountain bikes. Find C(500), C(4000). с. d. What is the horizontal asymptote for the graph of the average cost function, C? Describe what this means in practical terms.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Paper:Mate:
gorlain
15. A company is planning to manufacture mountain bikes. The fixed monthly cost will be $100,000 and it will
cost $100 to produce each bicycle.
Write the cost function, C, of producing x mountain bikes.
а.
b. Write the average cost function, C, of producing x mountain bikes.
Find C(500), Č(4000).
c.
d. What is the horizontal asymptote for the graph of the average cost function, C? Describe what this
means in practical terms.
МАТ 171
Section 2.6 Lab
Page 2 of 4

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