Total cost is C = 9000 + 4.55q and total revenue is R = 5.30q, both in dollars, where q represents the quantity produced. (a) What is fixed cost? The fixed cost is $ (b) What is the marginal cost per item? The marginal cost is $ (c) What is the price at which this item is sold? The selling price is $

A company is planning to manufacture mountain bikes. Fixed monthly cost will be $300,000 and it will cost $200 to produce each bicycle. A. Write the cost function, C, of producing x mountain bikes. C(x) = per month B. Write the average cost function, C, of producing x mountain bikes. C(x) = per month %3D C. How many mountain bikes must be produced each month for the company to have an average cost of $300 per bike? must be produced each month. Enter your answer in each of the answer boxes.

A factory produces ceramic soap dishes. Suppose the daily cost (in dollars) to run the factory on a day when x soap dishes are produced is given by C(x) = 18x0.6 + 220. a. Find the marginal cost function.     b. Find the marginal cost when x = 100. Round to two decimal places.   c. Write a sentence or two explaining the meaning of the value you found in part b.

Describe what fixed costs and marginal costs mean to a company. Choose the correct answer below. A. Fixed cost is the rate of change of cost C(x) at the level of production x and is equal to the slope of the cost function at x. Marginal cost is the constant for a particular product and does not change as more items are made. O B. The number of units at which revenue just equals cost is the fixed cost. Marginal cost is the constant for a particular product and does not change as more items are made. O C. Fixed cost is the constant for a particular product and does not change as more items are made. Marginal cost is the rate of change of cost C(x) at the level of production x and is equal to the slope of the cost function at x. OD. Fixed cost is the constant for a particular product and does not change as more items are made. The number of units at which revenue just equals cost is the marginal cost.