SOLUTION: A company that manufactures bikes has a fixed cost of $100,000. It costs $100.00 to product each bike. The selling price per bike is $300.00
1. write the cost function, C
2. writ
Algebra.Com
Question 56277: A company that manufactures bikes has a fixed cost of $100,000. It costs $100.00 to product each bike. The selling price per bike is $300.00
1. write the cost function, C
2. write the revenu function, R
3. determine the breat-even point. Describe what this means.
you guys were right, i DID type the fixed cost wrong lol, thanks for your help!
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A company that manufactures bikes has a fixed cost of $100,000. It costs $100.00 to product each bike. The selling price per bike is $300.00
1. write the cost function, C
2. write the revenu function, R
3. determine the breat-even point. Describe what this means.
------------
Let x be the number of bicycles produced.
1. Cost= 100,000+100x
2. Revenue= 300x
3. break-even means R=C
300x=100,000+100x
200x=100,000
x=500
----------
When 500 bicycles are produced Cost to the company equals Revenue
from selling the bicycles.
Cheers,
Stan H.
RELATED QUESTIONS
A company that manufactures bicycles has a fixed cost of $100000. It cost $100 to produce (answered by macston)
A company that manufactures bikes has a fixed cost of $100.00. It costs $100.00 to... (answered by funmath,Edwin McCravy)
A company that manufactures bicycles has a fixed cost of $100,000. It costs $100 to... (answered by vleith)
One company manufactures high-end racing bicycles. The monthly fixed costs are $3520. The (answered by ankor@dixie-net.com)
A company that manufactures bicycles has a fixed cost of $100,000. It costs $100 to... (answered by stanbon)
A company manufactures high-end racing bicycles. The total cost to manufacture 26 bikes... (answered by josgarithmetic,ikleyn)
A company manufactures high-end racing bicycles the total cost to manufacture 26 bikes... (answered by josgarithmetic,ikleyn)
Please help me solve this problem. The Davis Company manufactures a product that has a... (answered by math-vortex)
The Acme Company produces a product for which the
variable cost per unit is $6 and the... (answered by ewatrrr)