A toy manufactures has fixed costs of $3000 (such as rent, insurance and business loans). In addition there are variable costs of $2 per toy. At a production level of x toys cost function is C(x) = 3000+ 2x. (a) Find the cost of producing 2000 toys. (b) What additional cost is incurred. if the production is increased from 2000 toys to 2200 toys? (c) How many toys can be produced at a cost of $5000? Answers: (a)$7000 (b)$400 (c) 1000 toys

A toy manufactures has fixed costs of $3000 (such as rent, insurance and business loans). In addition there are variable costs of $2 per toy. At a production level of x toys cost function is C(x) = 3000+ 2x. (a) Find the cost of producing 2000 toys. (b) What additional cost is incurred. if the production is increased from 2000 toys to 2200 toys? (c) How many toys can be produced at a cost of $5000? Answers: (a)$7000 (b)$400 (c) 1000 toys

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter3: Polynomial And Rational Functions

Section3.1: Quadratic Functions And Models

Problem 54E: Sales A soft-drink vendor at a popular beach analyzes his sales records and find that if he sells x...

See similar textbooks

Similar questions

Sales A soft-drink vendor at a popular beach analyzes his sales records and find that if he sells x cans of soda pop in one day, his profit (in dollars) is given by P(x)=0.001x2+3x1800 What is his maximum profit per day, and how many cans must he sell for maximum profit?
The manufacturer of a water bottle spends $5 to build each bottle and sells them for $10. The manufacturer also has fixed costs each month of $6500. (a) Find the cost function C when x bottles are manufactured. (b) Find the revenue function R when x bottles are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.
The manufacturer of an energy drink spends $1.20 to make each drink and sells them for $2. The manufacturer also has fixed costs each month of $8,000. (a) Find the cost function C when x energy drinks aremanufactured. (b) Find the revenue function R when x drinks are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the breakeven point means.
The manufacturer of a weight training bench spends $15 to build each bench and sells them for $32. The manufacturer also has fixed costs each month of $25,500. (a) Find the cost function C when x benches are manufactured. (b) Find the revenue function R when x benches are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.