A company produces very unusual CD's for which the variable cost is $18 per CD and the fixed costs are $20,000. Assume that they will sell all the CD's they can produce, and their selling price is $87 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) = 20,000 + 18x Write the total revenue R as a function of the number of CD's produced. R(x): = 87x Write the total profit P as a function of the number of CD's produced. P(x) = 69x - 20,000 Write the marginal profit M as a function of the number of CD's produced. M(x) = = Write the profit margin f as a function of the number of CD's produced. f(x) =

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
A company produces very unusual CD's for which the variable cost is $18 per CD and the fixed costs
are $20,000. Assume that they will sell all the CD's they can produce, and their selling price is $87
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) = 20,000+ 18x
Write the total revenue R as a function of the number of CD's produced.
= 87x
R(x):
Write the total profit P as a function of the number of CD's produced.
P(x) = 69x - 20,000
Write the marginal profit M as a function of the number of CD's produced.
M(x)
=
Write the profit margin ƒ as a function of the number of CD's produced.
f(x) =
Transcribed Image Text:A company produces very unusual CD's for which the variable cost is $18 per CD and the fixed costs are $20,000. Assume that they will sell all the CD's they can produce, and their selling price is $87 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) = 20,000+ 18x Write the total revenue R as a function of the number of CD's produced. = 87x R(x): Write the total profit P as a function of the number of CD's produced. P(x) = 69x - 20,000 Write the marginal profit M as a function of the number of CD's produced. M(x) = Write the profit margin ƒ as a function of the number of CD's produced. f(x) =
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

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
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
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
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning