Marco is investigating some of the business models of SureSpin, one of Faster Fidget's top competitors.

He has learned that they model their cost of production for one type of spinner with the function C(x) =13,450 + 1.28x, where x is the number of spinners produced. Interpret the model to complete the

statement.

Type the correct answer in each box. Use numerals instead of words. Based on the model, the fixed cost of production is $?

Respuesta :

Answer:

$13,450

Step-by-step explanation:

The fixed cost of production is $13,450, this is because a fixed cost of production is the amount of cost that does not change with an increase or decrease in the amount of the goods or services produced. Fixed cost of production are paid by companies. It is one of the two component of the total cost of goods or services along with the variable cost.

In regard to the information given in the  question, no matter how many spinners the company produces, the fixed cost will remain the same.

Assuming x is the variable cost which signifies the number of spinners produced, this literally implies that the cost to produce each spinner is $1.28 and the fixed cost which is independent  of the production is $13,450.

Hence, the  fixed cost of production is $13,450.