9. -/3 points LarCAABLS2 2.4.501.xP. 0/6 Submissions UsedMy Notes Ask Your TeacherA company produces a product for which the variable cost is $8.65 per unit and the fixed costs are $65,000. The productsells for $17.85 per unit. Let x be the number of units produced and sold(a) Add the variable cost and the fixed costs to write the total cost C as a function of the number of units produced(b) Write the revenue R as a function of the number of units sold(c) Use the formula P R Cto write the profit P as a function of the number of units sold.Need Help?Read ItTalk to a Tutor

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Asked Jan 11, 2019
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9. -/3 points LarCAABLS2 2.4.501.xP. 0/6 Submissions Used
My Notes Ask Your Teacher
A company produces a product for which the variable cost is $8.65 per unit and the fixed costs are $65,000. The product
sells for $17.85 per unit. Let x be the number of units produced and sold
(a) Add the variable cost and the fixed costs to write the total cost C as a function of the number of units produced
(b) Write the revenue R as a function of the number of units sold
(c) Use the formula P R Cto write the profit P as a function of the number of units sold.
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9. -/3 points LarCAABLS2 2.4.501.xP. 0/6 Submissions Used My Notes Ask Your Teacher A company produces a product for which the variable cost is $8.65 per unit and the fixed costs are $65,000. The product sells for $17.85 per unit. Let x be the number of units produced and sold (a) Add the variable cost and the fixed costs to write the total cost C as a function of the number of units produced (b) Write the revenue R as a function of the number of units sold (c) Use the formula P R Cto write the profit P as a function of the number of units sold. Need Help?Read It Talk to a Tutor

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Expert Answer

Step 1

a) Variable cost for x unit = x * Variable cost per unit

                                                       = 8.65x

Fixed cost = $65000

Total cost of x units C = Variable cost for x units + Fixed cost

                                         C = 8.65x+65000          ...(1)

Step 2

b) Revenue R=Total amount generated by selling x units

                       R = Selling price of 1 unit * x

                      R = 17.85x                ...(2)

Step 3

c) Profit P = R - C

                P = 17.85x-(8.65x+65000)     &nbs...

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