
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Transcribed Image Text:A company is planning to manufacture mountain bikes. Fixed monthly cost will be $300,000 and it will cost $200 to produce each bicycle.
A. Write the cost function, C, of producing x mountain bikes.
C(x) = per month
B. Write the average cost function, C, of producing x mountain bikes.
C(x) = per month
%3D
C. How many mountain bikes must be produced each month for the company to have an average cost of $300 per bike?
must be produced each month.
Enter your answer in each of the answer boxes.
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