A manufacturer of a wifi router has a monthly fixed cost of $26,000 and a production cost
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Question:
A manufacturer has a wifi router has a monthly fixed cost of $26,000 and a production cost of $22 for each unit produced. The wifi routers sells for $48unit.
a) What is the cost function?
C(X) =
b) What is the revenue function?
R(x) =
c) What is the profit function?
P(X) =
d) Compute the profit (loss) corresponding to production levels of 6,000 and 9,000 units.
P(6,000) =
P(9,000) =
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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