A factory produces beach umbrellas they Have a fixed cost, they must pay no matter how many umbrellas they produce, and a variable cause they must pay for each umbrella they produce the cost of producing x Umbrellas is the function C (X) = 2.83x + 1350 Identify and interpret the initial value

Question

A factory produces beach umbrellas they Have a fixed cost, they must pay no matter how many umbrellas they produce, and a variable cause they must pay for each umbrella they produce the cost of producing x Umbrellas is the function C (X) = 2.83x + 1350 Identify and interpret the initial value

A) The initial value of 283 represents the fixed cost
B) The initial value of 1350 represents the fixed cost
C) The initial value of 2.83 represents the variable cost
D) The initial value of 1350 represents the variable cost

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Answer 1

Bot GPT 3.5 answered
1 month ago

B) The initial value of 1350 represents the fixed cost

Interpretation: The fixed cost is the cost that the factory must pay regardless of how many umbrellas they produce. In this case, the fixed cost is $1350. This means that even if the factory doesn't produce any umbrellas, they still have to pay $1350.