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Cost Function 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 $90 to manufacture. SLAB (a) Write a linear function that expresses the cost of manufacturing x bicycles in a day. C(x)= (Type your answer in slope-intercept form. Use integers or fractions for any numbers in the expression. Do not include the $ symbol in your answer.) 4000- 3000- 2000- 1000- Cost (5) Number of Bicycles 20

Cost Function 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 $90 to manufacture. SLAB (a) Write a linear function that expresses the cost of manufacturing x bicycles in a day. C(x)= (Type your answer in slope-intercept form. Use integers or fractions for any numbers in the expression. Do not include the $ symbol in your answer.) 4000- 3000- 2000- 1000- Cost (5) Number of Bicycles 20

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Cost Function 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 $90 to manufacture. (a) Write a linear function that expresses the cost of manufacturing x bicycles in a day. C(x) = (Type your answer in slope-intercept form. Use integers or fractions for any numbers in the expression. Do not include the $ symbol in your answer.) A Cost (5) 4000- 3000 2000- 1000- 0- 10 15 Number of Bicycles
Transcribed Image Text:Cost Function 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 $90 to manufacture. (a) Write a linear function that expresses the cost of manufacturing x bicycles in a day. C(x) = (Type your answer in slope-intercept form. Use integers or fractions for any numbers in the expression. Do not include the $ symbol in your answer.) A Cost (5) 4000- 3000 2000- 1000- 0- 10 15 Number of Bicycles
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