If company A manufactures t-shirts and sells them to retailers for US$9.80 each. It has fixed costs of $2625 related to the production of the t-shirts, and the production cost per unit is US$2.30. Company B also manufactures t-shirts and sell them directly to consumers. The demand for its product is p = 15 −x 125, its production cost per unit is US$5.00 and its fixed cost are the same as for company A. (iv) Using a spreadsheet, create a table for showing x, R(x)?, C(x) for company A in the domain x = 50, 100, 150, 200, 250, 300, 350, 400, 450. (v) Graph the functions from (d) above on the same axes. (vi) From your graph, determine the break-even level of output for company A.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
If company A manufactures t-shirts and sells them to retailers for US$9.80 each.
It has fixed costs of $2625 related to the production of the t-shirts, and the production cost per
unit is US$2.30. Company B also manufactures t-shirts and sell them directly to consumers.
The demand for its product is p = 15 −x
125, its production cost per unit is US$5.00
and its fixed cost are the same as for company A.
(iv) Using a spreadsheet, create a table for showing x, R(x)?, C(x) for company A
in the domain x = 50, 100, 150, 200, 250, 300, 350, 400, 450.
(v) Graph the functions from (d) above on the same axes.
(vi) From your graph, determine the break-even level of output for company A.
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