The price-demand equation of a certain bag is given by z = 6000 - 30p, where a is the number of units that can be sold monthly at a price p pesos per piece. In addition, the cost of producing each bag is 60 pesos, with an overhead cost of 72,000 pesos. (a) Determine the revenue function and the break-even points, i.e., the production level where the revenue is equal to the cost. (b) Find the marginal profit at a = 1500.
The price-demand equation of a certain bag is given by z = 6000 - 30p, where a is the number of units that can be sold monthly at a price p pesos per piece. In addition, the cost of producing each bag is 60 pesos, with an overhead cost of 72,000 pesos. (a) Determine the revenue function and the break-even points, i.e., the production level where the revenue is equal to the cost. (b) Find the marginal profit at a = 1500.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning