# SOLUTION: hi can you please, guide me on how to solve this problem please: i am not sure how to set up the equation. this is the problem A company that manufactures bicycles has a fixed c

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 Click here to see ALL problems on Money Word Problems Question 615147: hi can you please, guide me on how to solve this problem please: i am not sure how to set up the equation. this is the problem A company that manufactures bicycles has a fixed cost of \$90000. It costs \$110 to produce each bicycle. The total cost for the company is the sum of its fixed costs and variable costs. First write the total cost, , as a function of the number of bicycles produced, . Don't put commas in your numbers (e.g., enter 10000 instead of 10,000Answer by lwsshak3(6761)   (Show Source): You can put this solution on YOUR website!A company that manufactures bicycles has a fixed cost of \$90000. It costs \$110 to produce each bicycle. The total cost for the company is the sum of its fixed costs and variable costs. First write the total cost, , as a function of the number of bicycles produced ** The formula to be used is that of a straight line. Its standard form: y=mx+b, m=slope, b=y-intercept For given problem: m=110/bicycle b=y-intercept=90000 x=number of bicycles produced Equation for total cost: y=\$110x+\$90000