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
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
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question
Expert Solution
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)
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