Question

A company that manufactures small canoes has a fixed cost of $22,000. It costs $40 to produce eachcanoe. The selling price is $80 per canoe. (In solving this exercise, let x represent the number ofcanoes produced and sold.).a. Write the cost function.ftThe C(x)=(Type an expression using x as the variable.)=Hitoral -

Answer 1

Consider that the cost of each canoe is $40, this can be takes as the average rate of increasing of the cost per canoe. Moreover, the fixed cost is $22,000.

The function C(x) which describes the cost of production of x canoes can be written as follow:

C(x) = 40x + 22,000