The RideEm Bicycles factory can produce 130 bicycles in a day at a total cost of $10,400. It can produce 150 bicycles in a day at a total cost of $11,000. What are the company's daily fixed costs (indollars)?What is the marginal cost (in dollars) per bicycle?

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Answered: The RideEm Bicycles factory can produce…

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

ChapterP: Prerequisites

SectionP.6: The Rectangular Coordinate System And Graphs

Problem 7ECP

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The RideEm Bicycles factory can produce 130 bicycles in a day at a total cost of $10,400. It can produce 150 bicycles in a day at a total cost of $11,000. What are the company's daily fixed costs (in dollars)? $ What is the marginal cost (in dollars) per bicycle? $