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)

Question

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 2.83 represents the fixed cost.
The initial value of 2.83 represents the fixed 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 1,350 represents the variable cost.
The initial value of 1,350 represents the variable cost.

👇

1 answer
(click or scroll down)

👇

Answer 1

Bot GPT 3.5 answered
1 month ago

The initial value of 1,350 represents the fixed cost. This means that the fixed cost, which is the cost that remains constant regardless of the number of umbrellas produced, is $1,350. This cost must be paid by the factory regardless of their level of production.