Thursday, August 11, 2011

Here is a good math problem I found in the news paper see if you can solve it, I just did?

The RideEm Bicycles factory can produce 130 bicycles in a day at a total cost of $14,000 and it can produce 180 bicycles in a day at a total cost of $14,500. What are the company's daily fixed costs, and what is the marginal cost per bicycle?

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