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Suppose a ceiling fan manufacturer has the total cost function  C(x) = 35x + 1200  and the total revenue function  R(x) = 65x. (a) What is the equation of the profit function P(x) for this commodity? P(x) =    (b) What is the profit on 20 units? P(20) =  Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue.    The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fans

Suppose a ceiling fan manufacturer has the total cost function  C(x) = 35x + 1200  and the total revenue function  R(x) = 65x. (a) What is the equation of the profit function P(x) for this commodity? P(x) =    (b) What is the profit on 20 units? P(20) =  Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue.    The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fans

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 5EB: Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following...
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Suppose a ceiling fan manufacturer has the total cost function 

C(x) = 35x + 1200

 and the total revenue function 

R(x) = 65x.
(a) What is the equation of the profit function P(x) for this commodity?
P(x) = 
 
(b) What is the profit on 20 units?
P(20) = 

Interpret your result.
The total costs are less than the revenue. The total costs are more than the revenue.    The total costs are exactly the same as the revenue.

(c) How many fans must be sold to avoid losing money?
 fans
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