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A company produces a product for which the variable cost is $12.17 per unit and the fixed costs are $96,000. The product sells for $17.06. Let x be the number of units produced and sold. (a) The total cost for a business is the sum of the variable cost and the fixed costs. Write the total cost C as a function of the number of units produced. C = (b) Write the revenue R as a function of the number of units sold. R = (c) Write the profit P as a function of the number of units sold. (Note: P = R – C.) P =

A company produces a product for which the variable cost is $12.17 per unit and the fixed costs are $96,000. The product sells for $17.06. Let x be the number of units produced and sold. (a) The total cost for a business is the sum of the variable cost and the fixed costs. Write the total cost C as a function of the number of units produced. C = (b) Write the revenue R as a function of the number of units sold. R = (c) Write the profit P as a function of the number of units sold. (Note: P = R – C.) P =

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Functions And Their Graphs
Section2.2: Functions
Problem 68E: Average Cost The inventor of a new game believes that the variable cost for producing the game is...
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A company produces a product for which the variable cost is $12.17 per unit and the fixed costs are $96,000. The product sells for $17.06. Let x be the number of units produced and sold.
A company produces a product for which the variable cost is $12.17 per unit and the fixed costs are $96,000. The product sells for $17.06. Let x be the number of units produced and sold. (a) The total cost for a business is the sum of the variable cost and the fixed costs. Write the total costC as a function of the number of units produced. C = (b) Write the revenue R as a function of the number of units sold. R = (c) Write the profit P as a function of the number of units sold. (Note: P = R – C.) P = Need Help? Read It Watch It Master It
Transcribed Image Text:A company produces a product for which the variable cost is $12.17 per unit and the fixed costs are $96,000. The product sells for $17.06. Let x be the number of units produced and sold. (a) The total cost for a business is the sum of the variable cost and the fixed costs. Write the total costC as a function of the number of units produced. C = (b) Write the revenue R as a function of the number of units sold. R = (c) Write the profit P as a function of the number of units sold. (Note: P = R – C.) P = Need Help? Read It Watch It Master It
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