Question
A factory produces my. They have a fixed cost they must pay no matter how many umbrellas they produce and a variable cost they must pay for each umbrella they produce. The cost of producing x umbrellas is modeled by the function C(x) = 2.83x + 1350. Identity and interpret the initial value
Answers
GPT 3.5
The initial value in this context represents the fixed cost that the factory must pay regardless of how many umbrellas they produce. In this case, the initial value is $1350.
This means that even if the factory were to produce zero umbrellas, they would still incur the fixed cost of $1350. This cost covers expenses such as rent, utilities, and salaries that do not vary with the number of umbrellas produced.
This means that even if the factory were to produce zero umbrellas, they would still incur the fixed cost of $1350. This cost covers expenses such as rent, utilities, and salaries that do not vary with the number of umbrellas produced.