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.
You can choose a couple of the x-values and plug each into all of the x's in each equation on the right. Then see which equations give the y-values equal to the y's adjacent to the 3 x-values you used. I chose x=-4 and x=8. Only the 2nd, 3rd, and 5th equations matched with both.
21 3/16...as a decimal
the 21 is a whole number and goes to the left of the decimal....and the fraction 3/16 goes to the right of the decimal.
3/16 = 0.1875....now add ur 21 and u get 21.1875 inches wide
2 3/8....as a decimal
3/8 = 0.375....now put ur 2 in there and it becomes 2.375 inches thick
