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A toilet manufacturer has decided to come out with a new and improved toilet. The fixed cost for the production of this new toilet line is $16,600 and the variable costs are $66 per toilet. The company expects to sell the toilets for $152. Formulate a function P(x) for the total profit from the production and sale of x toilets. A. P(x) = 86x + 16600 %3! B. P(x) = 86x C. P(x) = 152x - 16600 D. P(x) = 86x - 16600 A toilet manufacturer has decided to come out with a new and improved toilet. The fixed cost for the production of this new toilet line is $16,600 and the variable costs are $66 per toilet. The company expects to sell the toilets for $152. Formulate a function P(x) for the total profit from the production and sale of x toilets. A. P(x) = 86x + 16600 %3! B. P(x) = 86x C. P(x) = 152x - 16600 D. P(x) = 86x - 16600
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Solution Step I Fixed cost 16600 Varia ble cart 66 pee Toilet Let se b... View the full answer
Related Book For
Introduction to Mathematical Statistics and Its Applications
ISBN: 978-0321693945
5th edition
Authors: Richard J. Larsen, Morris L. Marx
Posted Date:
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