RBCs are biconcave disks that transport oxygen and carbon dioxide in the blood. They are composed of 65% water and 35% solids including hemoglobin. RBCs are produced through erythropoiesis in the bone marrow in response to low blood oxygen levels. The average lifespan of an RBC is 120 days. RBCs help maintain respiration, acid-base balance, and blood viscosity while transporting oxygen and carbon dioxide between tissues and the lungs.