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Linear Functions and Models Tom’s terrific table company, produces and sells dining room tables. On a good day Tom’s can produce 10 tables at a cost of $6300. On a slow day Tom’s can produce 4 tables at a cost of $5,400. Write the cost function(x) where x represents the number of tables produced. What is the fixed cost, and what does it represent? What is the marginal cost, and what does it represent? Tom’s sells the tables for $950 each. How many tables need to be produced and sold each day for Tom’s to break even? On a slow day only 4 tables are produced and sold. What is Tom’s profit/loss On a good day 10 tables are produced and sold. What is Tom’s profit/loss?

Linear Functions and Models Tom’s terrific table company, produces and sells dining room tables. On a good day Tom’s can produce 10 tables at a cost of $6300. On a slow day Tom’s can produce 4 tables at a cost of $5,400. Write the cost function(x) where x represents the number of tables produced. What is the fixed cost, and what does it represent? What is the marginal cost, and what does it represent? Tom’s sells the tables for $950 each. How many tables need to be produced and sold each day for Tom’s to break even? On a slow day only 4 tables are produced and sold. What is Tom’s profit/loss On a good day 10 tables are produced and sold. What is Tom’s profit/loss?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter2: Graphical And Tabular Analysis
Section2.2: Graphs
Problem 15E
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Linear Functions and Models

Tom’s terrific table company, produces and sells dining room tables. On a good day Tom’s can produce 10 tables at a cost of $6300. On a slow day Tom’s can produce 4 tables at a cost of $5,400.

  1. Write the cost function(x) where x represents the number of tables produced.
  2. What is the fixed cost, and what does it represent?
  3. What is the marginal cost, and what does it represent?
  4. Tom’s sells the tables for $950 each. How many tables need to be produced and sold each day for Tom’s to break even?
  5. On a slow day only 4 tables are produced and sold. What is Tom’s profit/loss
  6. On a good day 10 tables are produced and sold. What is Tom’s profit/loss?

 

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