1. We are planning to manufacture and sell a new multi-tool product. The cost to produce...

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1. We are planning to manufacture and sell a new multi-tool product. The cost to produce the tool is $8.75 per tool, plus $2000 to purchase the machine for making the multi-tool. We plan on selling the multi-tool for $39.99. a. Write out the cost and revenue functions and sketch the graph of the following cost and revenue functions. Shade and label the area of profit and loss. b. Label the ordered pair (x,y) for the break-even point. c. You end up selling 78 multi-tools in a week. Explain if it was a good or a bad week, and tell me how much money you profited or lost. 1. We are planning to manufacture and sell a new multi-tool product. The cost to produce the tool is $8.75 per tool, plus $2000 to purchase the machine for making the multi-tool. We plan on selling the multi-tool for $39.99. a. Write out the cost and revenue functions and sketch the graph of the following cost and revenue functions. Shade and label the area of profit and loss. b. Label the ordered pair (x,y) for the break-even point. c. You end up selling 78 multi-tools in a week. Explain if it was a good or a bad week, and tell me how much money you profited or lost.

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ell a let denote the no of multitool Cost b c Re Venue C 875 x R ... View the full answer