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

Answer 1

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.