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...
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The price-demand equation of a certain bag is given by a 6000-
30p, where x 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 x = 1500.
Transcribed Image Text:- The price-demand equation of a certain bag is given by a 6000- 30p, where x 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 x = 1500.
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