A company sells its product for $114 each. They can produce each product for $50 each and they have fixed c Using x to represent the number of items produced/sold, find the following functions: Cost function: C (2) = 50*x+1900 Revenue function: R(z) = 114*x Profit function: P (z)= 64x-1900 Average Cost function: 195d Average Profit function: P(z) = 34.31 Evaluate the following expressions: (round to two decimal places if necessary) C (64) =s 5100 R(64) =$ 7296 P (64) =$ 2196 C (64) =$ 79.69 /item P (64) s 34.31 /item Is this company making or losing money at a produciton level of 64? O making profit O losing money Identify the marginal cost, revenue, and profit MC =$ 50 /item MR $ Number fitem

A company sells its product for $114 each. They can produce each product for $50 each and they have fixed c Using x to represent the number of items produced/sold, find the following functions: Cost function: C (2) = 50x+1900 Revenue function: R(z) = 114x Profit function: P (z)= 64x-1900 Average Cost function: 195d Average Profit function: P(z) = 34.31 Evaluate the following expressions: (round to two decimal places if necessary) C (64) =s 5100 R(64) =$ 7296 P (64) =$ 2196 C (64) =$ 79.69 /item P (64) s 34.31 /item Is this company making or losing money at a produciton level of 64? O making profit O losing money Identify the marginal cost, revenue, and profit MC =$ 50 /item MR $ Number fitem

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

Section4.1: Quadratic Functions

Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...

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