1. A company manufactures bikes at a cost of $50 per bike, and sells them for $100 each. The fixed costs for production are $4000. Write the revenue function, R(x), where x is the number of bikes produced.

2. Write the cost function, C(x), for the company described in problem 1.

3. Use your answers to questions 1 and 2 to write the profit function, P(x), for the company. Simplify your answer.

4. Find the number of bikes that must be produced for the company to break even.

5. What is the marginal profit for this company?

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Step 12 Ans1 Let x be the number of bikes produced The Rev... View the full answer