A factory produces beach umbrellas. They have a fixed cost they must pay no matter how many umbrellas they produce, and a variable cost they must pay for each umbrella they produce. The cost of producing umbrellas is modeled by the function C(x)= 2.83x + 1 ,350 Identify and interpret the initial value. (1 point)
The initial value of 2.83 represents the variable cost.
The initial value of 1.350 represents the variable cost.
The initial value of 2.83 represents the fixed cost
The initial value of 1.350 represents the fixed cost
The correct answer is:
The initial value of 1,350 represents the fixed cost.
This means that regardless of the number of umbrellas produced (x), the factory must pay a fixed cost of $1,350.