A small business is assembles bikes and have the following data, Number of bikes assembled | Total Cost (Measured in dollars) 0 | 38000 200 | 44000 400 | 49000 600 | 53000 a. What is the fix cost? $ b. Use 200 and 400 to estimate the marginal cost when the number of bikes assembled is 200. You answer must have two decimal places, If your answer was 3.5 then you must enter 3.50 as the answer. $ per bike.
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From the given data, we can see that when 38000 bikes are assembled, the total cost is 200. This means the fixed cost is $200. Show more…
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