document.write( "Question 1107281: The RideEm Bicycles factory can produce 120 bicycles in a day at a total cost of $10,400. It can produce 140 bicycles in a day at a total cost of $11,200. \r
\n" ); document.write( "\n" ); document.write( "What are the company's daily fixed costs?\r
\n" ); document.write( "\n" ); document.write( "What is the marginal cost per bicycle?
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Algebra.Com's Answer #722369 by josgarithmetic(39617)\"\" \"About 
You can put this solution on YOUR website!
Ordered pair data points (x,y) using x for number bicycles and y for cost,\r
\n" ); document.write( "\n" ); document.write( "(120, 10400) and (140, 11200).\r
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\n" ); document.write( "\n" ); document.write( "y=mx+b will have m slope as the cost per bicycle and fixed cost as b, vertical axis intercept.\r
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\n" ); document.write( "\n" ); document.write( "\"m=%2811200-10400%29%2F%28140-120%29\"\r
\n" ); document.write( "\n" ); document.write( "\"m=800%2F20=80%2F2\"\r
\n" ); document.write( "\n" ); document.write( "\"m=40\"-----marginal cost per bike\r
\n" ); document.write( "\n" ); document.write( "-\r
\n" ); document.write( "\n" ); document.write( "\"y=mx%2Bb\"
\n" ); document.write( "\"b=y-mx\"
\n" ); document.write( "\"b=10400-40%2A120\"
\n" ); document.write( "\"b=10400-4800\"
\n" ); document.write( "\"b=5600\"-------fixed cost\r
\n" ); document.write( "\n" ); document.write( "-\r
\n" ); document.write( "\n" ); document.write( "\"highlight%28y=40x%2B5600%29\"-------cost y of producing x bicycles.
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