Break-Even Analysis Gymnast Clothing manufactures expensive hockey jerseys for sale to college bookstores in runs of up to 200. Its cost (in dollars) for a run of x hockey jerseys is
Gymnast Clothing sells the jerseys at $100 each. Find the revenue and profit functions. How many jerseys should Gymnast Clothing manufacture to make a profit? [HINT: See Example 2.]
Trending nowThis is a popular solution!
Chapter 1 Solutions
Finite Mathematics
- Maximizing revenue A seller of contemporary disks finds that he can sell (820x) desks each month when the price is x dollars. What price will maximize revenue?arrow_forwardFinding hotel rates A 300-room hotel is two-thirds filled when the nightly room rate is 90. Experience has shown that each 5 increase in cost results in 10 fewer occupied rooms. Find the nightly rate that will maximize income.arrow_forwardSelling concert tickets Tickets for a concert are cheaper when purchased in quantity. The first 100 tickets are priced at 10 each, but each additional block of 100 tickets purchased decreases the cost of each ticket by 50. How many blocks of tickets should be sold to maximize the revenue?arrow_forward
- Flat-screen television sets A wholesaler of appliance finds that she can sell (1200x) flat-screen television sets each week when the price is x dollars. What price will maximize revenue?arrow_forwardSuppose that the price per unit in dollars ofa cell phone production is modeled by p=450.0125x, where x is in thousands ofphones produced, and the revenue represented by thousands of dollars is R=xp. Find theproduction level that will maximize revenue.arrow_forward
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage