Concept explainers
Pet Safety. Christine designed and is now producing a pet car seat. The fixed costs for setting up production are $10,000, and the variable costs are $30 per unit. The revenue from each sat is to be $80. Find the following.
The total cost
The total revenue
The total profit
The profit to loss from the production and sale of 2000 seats; of 50 seats
The break-even point
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Elementary and Intermediate Algebra: Concepts and Applications Plus MyLab Math -- Title-Specific Access Card Package (7th Edition)
- A company manufactures two fertilizers, x and y. Each 50-pound bag of fertilizer requires three ingredients, which are available in the limited quantities shown in the table. The profit on each bag of fertilizer x is 6 and on each bag of y is 5. How many bags of each product should be produced to maximize the profit? Ingredient Number of Pounds in Fertilizer x Number of Pounds in Fertilizer y Total number of Pounds Available Nitrogen 6 10 20,000 Phosphorus 8 6 16,400 Potash 6 4 12,000arrow_forwardIn Example 3, if the accountant earns a profit of 100 on each individual return and a profit of 175 on each business return, find the maximum profit. An accountant prepares tax returns for individuals and for small businesses. On average, each individual return requires 3 hours of her time and 1 hour of computer time. Each business return requires 4 hours of her time and 2 hours of computer time. Because of other business considerations, her time is limited to 240 hours, and the computer time is limited to 100 hours. If she earns a profit of 80 on each individual return and a profit of 150 on each business return, how many returns of each type should she prepare to maximize her profit?arrow_forward
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