Problema Solution
The intermediate algebra bike company is able to produce a single speed road bike for $200 per bike. The company has fixed cost of $100,000 per month. A) determine the cost equation C(x). B) determine the C(x) equation. C) If biking company would like the average cost of a bike to be $400 dollars, findnthe number of bikes that have to be produced each month.
Answer provided by our tutors
The cost equation for x bikes per month is:
C(x) = 100,000 + 200x