Cost and Revenue A tire company determines that to manufacture a certain type of tire, it costs $8000 to set up the production process. Each tire that is produced costs $22 in material and labor. The company sells this tire to wholesale distributors for $49 each.

(a) Find a linear function C that models the total cost C(x) of producing x tires.

(b) Find a linear function R that models the revenue R (x) from selling x tires.

(c) Find a linear function P that models the profit P (x) from selling x tires. [Note: profit = revenue − cost.]

(d) How many tires must the company sell to break even (that is, when does revenue equal cost)?

Answer rating: 100% (QA)

1 Cx fixed cost xvariable cost Here fixed cost is 8000 ... View the full answer