A company is planning to manufacture mountain bikes. The fixed monthly cost will be $100,000 and it
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A company is planning to manufacture mountain bikes. The fixed monthly cost will be $100,000 and it will cost $100 to produce each bicycle.
a. Write the cost function, C, of producing x mountain bikes.
b. Write the average cost function, C̅, of producing x mountain bikes.
c.
d. What is the horizontal asymptote for the graph of the average cost function, C̅? Describe what this means in practical terms.
Transcribed Image Text:
Find and interpret T(500), T(1000), C(2000), and T(4000).
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