Ask Question
BusinessBusiness
22 June, 08:46

A company that manufactures bicycles has a fixed cost of $100 comma 000. It costs $200 to produce each bicycle. The total cost for the company is the sum of its fixed cost and variable costs. Write the total cost, C, as a function of the number of bicycles produced, x. Then, find and interpret

+5
Answers (1)
  1. 22 June, 09:20
    0
    Total cost (TC) = 100,000 + 200X

    Explanation:

    Total cost (TC) = Fixed cost (FC) + Variable cost (VC)

    Fixed cost (FC) = 100,000

    Variable cost (VC) = 200X

    Total cost (TC) = 100,000 + 200X

    We have a fixed cost of $100,000 which means that the amount of bicycles produced does not matter, the fixed cost will always be $100,000 (this includes costs such as rental). The variable cost is $200, which means that for each bicycle produced our total cost will increase by $200.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company that manufactures bicycles has a fixed cost of $100 comma 000. It costs $200 to produce each bicycle. The total cost for the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Describe the difference between open-end and closed-end credit and provide an example of each
Answers (1)
Sonic Corp. manufactures ski and snowboarding equipment. It has estimated that this year there will be substantial growth in its sales during the winter months. It approaches the bank for credit. What is the purpose of such credit known as? A.
Answers (2)
Greg traded computer equipment used in his business to a computer dealer for some new computer equipment. Gregg originally purchased the computer equipment for $15,000 and it had an adjusted basis of $11,000 at the time of the exchange.
Answers (1)
How are manufacturing and non manufacturing location decisions similar? different?
Answers (1)
You are trying to decide how much to save for retirement. Assume you plan to save $ 5 comma 500 per year with the first investment made one year from now. You think you can earn 6.
Answers (1)
New Questions in Business
When the consumer price index rises, the typical family a. has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the same standard of living. c. finds that its standard of living is not affected. d.
Answers (1)
A magazine subscription costs $45 per year at the beginning of each year, or $115 now for a three-year subscription. If the subscriber elects to pay the $115 now, the rate of return on the investment will be nearest to:
Answers (2)
The second step in rational decision making is to: choose the solution that maximizes value. identify the criteria that are important in making the decision. evaluate the alternatives. implement the alternative.
Answers (1)
What impact will a spike in wages cause to the labor demand curve?
Answers (1)
A company issued 8%, 15-year bonds with a par value of $500,000 that pay interest semiannually. The market rate on the date of issuance was 8%.
Answers (1)
Home » Business » A company that manufactures bicycles has a fixed cost of $100 comma 000. It costs $200 to produce each bicycle. The total cost for the company is the sum of its fixed cost and variable costs.
Sign Up Forgot Password?