3. A puppet maker calculates that the yearly cost of running his manufactory is $14,000. Additionally it costs him $60 to create each of his puppets. The puppets are sold for $200 each. a. Find the Cost equation for the total number of puppets produced and sold Find the Revenue equation for the total number of puppets produced and sold b. c. How many puppets does he need to make and sell to break even? Use the Cost and Revenue equations to find the Profit function d.
3. A puppet maker calculates that the yearly cost of running his manufactory is $14,000. Additionally it costs him $60 to create each of his puppets. The puppets are sold for $200 each. a. Find the Cost equation for the total number of puppets produced and sold Find the Revenue equation for the total number of puppets produced and sold b. c. How many puppets does he need to make and sell to break even? Use the Cost and Revenue equations to find the Profit function d.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CM: Cumulative Review Problem Set
Problem 114CM
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Transcribed Image Text:3. A puppet maker calculates that the yearly cost of running his manufactory is $14,000.
Additionally it costs him $60 to create each of his puppets. The puppets are sold for $200 each.
a. Find the Cost equation for the total number of puppets produced and sold
Find the Revenue equation for the total number of puppets produced and sold
b.
c. How many puppets does he need to make and sell to break even?
Use the Cost and Revenue equations to find the Profit function
d.
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