C - fixed costs; b - costs per bicycle;
c + 110 b = 10,900
c + 130 b = 11,600
c = 10,900 - 110 b
10,900 - 110 b + 130 b = 11,600
20 b = 700
b = 700 : 20 = $35
c + 110 * 35 = 10,900
c + 3,850 = 10,900
c = 10,900 - 3,850
c = $7,050 ( daily fixed costs )
Marginal cost is the cost of producing one more unit of goods ( one more bicycle ).
Answer:
The company`s daily fixed cost is $7,050.
The marginal cost per bicycle is $35.
A vertical line is represented by x = a number
so ur vertical line is : x = 4 <==
** and just so u know, a horizontal line is represented by y = a number.
If you formulate the question into a word equation it comes out:
2 grams fiber = .08 <span>× DRV
</span>↑ ↑ ↑ <span>↑</span> <span>↑
2 g fiber is 8% of the daily recommended value.
Now solve for DRV to find the daily recommended value:
2 g fiber/.08 = DRV
DRV = 25 g fiber</span>
