A manufacturer has a monthly fixed cost of $110,000 and a production cost of $19 for each unit produced. The product sells for $25 per unit. a) What is the cost funtion? C (x) b) What is the revenue function? R (x) c) What is the profit funtion? P (x) d) Compute the profit or loss corresponding to a production level of $10,000 and $20,000 units. (Input a negative value to indicate loss.) at $10,000 units ___________ at $20,000n units _________
A manufacturer has a monthly fixed cost of $110,000 and a production cost of $19 for each unit produced. The product sells for $25 per unit. a) What is the cost funtion? C (x) b) What is the revenue function? R (x) c) What is the profit funtion? P (x) d) Compute the profit or loss corresponding to a production level of $10,000 and $20,000 units. (Input a negative value to indicate loss.) at $10,000 units ___________ at $20,000n units _________
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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A manufacturer has a monthly fixed cost of $110,000 and a production cost of $19 for each unit produced. The product sells for $25 per unit.
a) What is the cost funtion? C (x)
b) What is the revenue function? R (x)
c) What is the profit funtion? P (x)
d) Compute the profit or loss corresponding to a production level of $10,000 and $20,000 units. (Input a negative value to indicate loss.)
at $10,000 units ___________
at $20,000n units _________
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