## a machine shop has a fixed cost of $2000 to produce new bolts. The cost of materials and labor to produce each individual bolt is$8.50. Whi

Question

a machine shop has a fixed cost of $2000 to produce new bolts. The cost of materials and labor to produce each individual bolt is$8.50. Which of the following functions models the average cost per bolt for the company to produce x bolts, where
x>1?

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5 months 2021-08-27T21:03:40+00:00 2 Answers 0 views 0

## Answers ( )

In the question, it says the collective cost for each individual bolt is $8.50, and that we can use the variable x to represent the number of bolts the company wishes to produce. So, this can be shown using 8.50x. The fixed cost is set in stone, so no alterations need to be applied, and only cause the total to amount to a greater number. So, we end up with (8.50x + 2000)/x and x>1 is the rule for the values of x. Essentially, all that means is that the company will always produce more than one bolt. 2. Answer: P = ($2000 + \$8.50x) / x