Irwin Music sells its brand of acoustic guitars at $250 each. The company incurs costs of $45 to manufacture each guitar. The associated weekly fixed costs for the company are $15,000. (a) Determine the linear equation relating weekly profit, P, to the number of acoustic guitars produced, x. P = 205x−15000 (b) What is the break-even quantity (rounded to the nearest whole unit)

Irwin Music sells its brand of acoustic guitars at $250 each. The company incurs costs of $45 to manufacture each guitar. The associated weekly fixed costs for the company are $15,000. (a) Determine the linear equation relating weekly profit, P, to the number of acoustic guitars produced, x. P = 205x−15000 (b) What is the break-even quantity (rounded to the nearest whole unit)

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section1.CT: Chapter Test

Problem 8CT

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