SOLUTION: The RideEm Bicycles factory can produce 170 bicycles in a day at a total cost of $10,200. It can produce 190 bicycles in a day at a total cost of $10,700. What are the company's da

Question 1115479: The RideEm Bicycles factory can produce 170 bicycles in a day at a total cost of $10,200. It can produce 190 bicycles in a day at a total cost of $10,700. What are the company's daily fixed costs? What is the marginal cost per bicycle?
Found 2 solutions by josgarithmetic, ikleyn:
Answer by josgarithmetic(39627)   (Show Source): You can put this solution on YOUR website!
(x,y) points (170,10200) and (190,10700).

--------cost per bicycle
-

--------fixed cost
-

Answer by ikleyn(52864)   (Show Source): You can put this solution on YOUR website!
.

Cost per bicycle = = = 25 dollars. Daily fixed cost = 10200-170*25 = 5950 dollars.

Be aware:   calculations and answers by @josgarithmetic are   I N C O R R E C T !

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