Concept explainers
(a)
To Find: The total cost
(a)
Answer to Problem 77E
Explanation of Solution
Given: A company produces a product for the variable cost
Total cost = Variable cost + fixed cost
Then
Variable cost=
Fixed cost =
Thus
Total cost
(b)
To Find: The Revenue
(b)
Answer to Problem 77E
Explanation of Solution
Given: A company produces a product for the variable cost
Revenue = Selling price multiply by number of items sold
Then
Hence,
(c)
To Find: The Profit
(c)
Answer to Problem 77E
Explanation of Solution
Given: A company produces a product for the variable cost
Since
Thus
Hence,
(d)
To find:
(d)
Answer to Problem 77E
Explanation of Solution
Given: A company produces a product for the variable cost
That means
Thus
Hence, the profit will be
(e)
To find:
(e)
Answer to Problem 77E
Explanation of Solution
Given: A company produces a product for the variable cost
That means
Thus
Hence, if the company does not produce any unit or sold the company will be in loss.
Chapter 1 Solutions
Precalculus with Limits: A Graphing Approach
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