A company that manufactures small canoes has a fixed cost of $24,000. It costs $80 to produce each canoe. The selling price is $
160 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold.)
a. Write the cost function.
C(x) = 150 (Type an expression using x as the variable.)
since 24000 is a fixed cost, lets put it was the y-intercept (the cost when no canoes are produced and sold). next subtract 160 from 80 to get the amount of cost gained for every canoe produced and sold. this value is -80, it is negative since the company is earning a profit for every canoe produced and sold. now you have your equation: C(x) = 2400 - 80x
