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 x umbrellas is modeled by the function C(x)=2.83x+1,350 . Identify and interpret the initial value.(1 point)
Responses
The initial value of 2.83 represents the variable cost.
The initial value of 2.83 represents the variable cost.
The initial value of 1,350 represents the fixed cost.
The initial value of 1,350 represents the fixed cost.
The initial value of 2.83 represents the fixed cost.
The initial value of 2.83 represents the fixed cost.
The initial value of 1,350 represents the variable cost.
The correct response is:
The initial value of 1,350 represents the fixed cost.
This means that no matter how many umbrellas are produced, the factory will incur a cost of $1,350. This cost does not depend on the number of umbrellas produced and is therefore fixed.