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.
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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
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When 500 bicycles are produced Cost to the company equals Revenue
from selling the bicycles.
Cheers,
Stan H.
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