A company produces very unusual CD's for which the variable cost is $12 per CD and the fixed costs are $40,000. Assume that they will sell all the CD's they can produce, and their selling price is $42 each. Let x be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C(x) = Write the total revenue R as a function of the number of CD's produced. R(x): = Write the total profit P as a function of the number of CD's produced. P(x) = Write the marginal profit as a function of the number of CD's produced.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.CR: Chapter Review
Problem 16E: Digital cameras A company that produces and sells digital cameras has determined that the total...
icon
Related questions
Question
100%
A company produces very unusual CD's for which the variable cost is $12 per CD and the fixed costs are
$40,000. Assume that they will sell all the CD's they can produce, and their selling price is $42 each. Let x
be the number of CD's produced.
Write the total cost C as a function of the number of CD's produced.
C(x) =
Write the total revenue R as a function of the number of CD's produced.
R(x) =
Write the total profit P as a function of the number of CD's produced.
P(x) =
Write the marginal profit as a function of the number of CD's produced.
Marginal profit =
Transcribed Image Text:A company produces very unusual CD's for which the variable cost is $12 per CD and the fixed costs are $40,000. Assume that they will sell all the CD's they can produce, and their selling price is $42 each. Let x be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C(x) = Write the total revenue R as a function of the number of CD's produced. R(x) = Write the total profit P as a function of the number of CD's produced. P(x) = Write the marginal profit as a function of the number of CD's produced. Marginal profit =
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning