Mathematics, 29.01.2021 07:30 funmioyeopa

Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's average total cost each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of Factories Average Total Cost
(Dollars per bike)
Q = 100 Q = 200 Q = 300 Q = 400 Q = 500 Q = 600
Numbers of Factories
1 440 320 240 320 480 720
2
3

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Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only on...