In deciding whether to set up a new manufacturing plant, company analysts have decided that a linear function is a reasonable estimation for the total cost C(x) in dollars to produce x items. They estimate the cost to produce 1,000 items/day as $54,734, and the cost to produce 5,000 items/day as $73,744.Find the fixed cost of production. (Round to two decimal places).
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In deciding whether to set up a new manufacturing plant, company analysts have decided that a linear...
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