The function \( f(x) = 35x + 50 \) represents the total cost of the gym membership after \( x \) months, where:
- \( 35x \) is the total monthly fees (with 35 being the monthly fee multiplied by the number of months \( x \)).
- \( 50 \) is the one-time membership fee.
The initial value of the function, which occurs when \( x = 0 \), is \( f(0) = 35(0) + 50 = 50 \).
Therefore, the initial value of 50 represents the one-time membership fee.
So the correct interpretation is: The initial value of 50 represents the one-time membership fee.