A small business can produce a maximum of 28 of its product per month and sell...
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A small business can produce a maximum of 28 of its product per month and sell them for $7 each. The variable costs are $1 per unit and fixed costs are $120 per month. a) Find the revenue function. R(x) = b) Find the cost function. C(x) = c) Calculate the number of items needed to be sold per month to break-even. d) Calculate the revenue at the break-even (round off to the nearest cent). $ e) Plot the revenue and cost functions. 200- RevenuelCost($) A small business can produce a maximum of 28 of its product per month and sell them for $7 each. The variable costs are $1 per unit and fixed costs are $120 per month. a) Find the revenue function. R(x) = b) Find the cost function. C(x) = c) Calculate the number of items needed to be sold per month to break-even. d) Calculate the revenue at the break-even (round off to the nearest cent). $ e) Plot the revenue and cost functions. 200- RevenuelCost($)
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Answer rating: 100% (QA)
a Revenue function The revenue function is the function that represents the total revenue generated by the business as a function of the number of ite... View the full answer
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118033890
3rd Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
Posted Date:
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