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.image

d. What is the horizontal asymptote for the graph of the average cost function, C̅? Describe what this means in practical terms.

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College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

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