A company finds the total cost of producing 25 items is $8,850, while they can produce...
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A company finds the total cost of producing 25 items is $8,850, while they can produce 55 items for a total cost of $10,650. They have a revenue of $9,000 by selling 75 items. Answer each of the following. Enter all answers below using exact numbers, and put equations in slope-intercept form. Let x be the number of items. (a) Find the production cost (in dollars) per item. (S) (b) Find the company's linear profit function. P(x) = A company finds the total cost of producing 25 items is $8,850, while they can produce 55 items for a total cost of $10,650. They have a revenue of $9,000 by selling 75 items. Answer each of the following. Enter all answers below using exact numbers, and put equations in slope-intercept form. Let x be the number of items. (a) Find the production cost (in dollars) per item. (S) (b) Find the company's linear profit function. P(x) =
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a To find the production cost per item we need to use the information provided in the problem Lets d... View the full answer
Related Book For
Managerial Economics Foundations of Business Analysis and Strategy
ISBN: 978-0078021718
11th edition
Authors: Christopher Thomas, S. Charles Maurice
Posted Date:
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