Cost Function The simplest cost function is the linear cost function, C ( x ) = m x + b , where the y -intercept b represents the fixed costs of operating a business and the slope m represents the cost of each item produced. Suppose that a small bicycle manufacturer has daily fixed costs of $ 90 , and each bicycle costs $ 2000 to manufacture. a. Write a linear model that expresses the cost C of manufacturing x bicycles in a day. b. Graph the model. c. What is the cost of manufacturing 14 bicycles in a day? d. How many bicycles could be manufactured for $ 3780 ?
Cost Function The simplest cost function is the linear cost function, C ( x ) = m x + b , where the y -intercept b represents the fixed costs of operating a business and the slope m represents the cost of each item produced. Suppose that a small bicycle manufacturer has daily fixed costs of $ 90 , and each bicycle costs $ 2000 to manufacture. a. Write a linear model that expresses the cost C of manufacturing x bicycles in a day. b. Graph the model. c. What is the cost of manufacturing 14 bicycles in a day? d. How many bicycles could be manufactured for $ 3780 ?
Cost Function The simplest cost function is the linear cost function,
, where the
represents the fixed costs of operating a business and the slope
represents the cost of each item produced. Suppose that a small bicycle manufacturer has daily fixed costs of
, and each bicycle costs
to manufacture.
a. Write a linear model that expresses the cost
of manufacturing
bicycles in a day.
b. Graph the model.
c. What is the cost of manufacturing 14 bicycles in a day?
Calculus, Single Variable: Early Transcendentals (3rd Edition)
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