Question: If x represents the number of items produced, (a) write a cost function, (b) find a revenue function if each item sells for the

If x represents the number of items produced, (a) write a cost

If x represents the number of items produced, (a) write a cost function, (b) find a revenue function if each item sells for the price given, (c) state the profit function, (d) determine analytically how many items must be produced before a profit is realized (assume whole numbers of items), and (e) support the results of part (d) graphically. The fixed cost is $500, the cost to produce an item is $15, and the selling price of the item is $40. (a) The cost function is C(x) =

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Lets ensure accuracy a Cost function Given Fixed cost 500 Cost to produce an item 15 The total cost ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!

In Figure the sloping line represents the opportunities for investment in the capital market and the solid curved line represents the opportunities for investment in plant and machinery. The...

A firm issues bonds with a coupon rate of 6% paid annually, having a credit rating of BBB, a par value of 1000, and maturity of 7 years. BBB rated bonds are trading at a spread of 3% over YTM on...

. What comes to mind when someone mentions "artificial intelligence?" 2. Name at least two examples where you might find AI in your everyday life. WHILE READING 1. Why are scientists interested in...

can someone solve this Modern workstations typically have memory systems that incorporate two or three levels of caching. Explain why they are designed like this. [4 marks] In order to investigate...

please solve If x represents the number of items produced, (a) write a cost function, (b) find a revenue function if each item sells for the price given, (c) state the profit function, (d) determine...

please solve for a Watch the video that describes finding and analyzing cost, revenue, and profit. Click here to watch the video. If x represents the number of items produced, (a) write a cost...

9. Production of a certain item has a fixed cost of $1.500 and an additional cost of $7.50 per unit. The selling price is $9.25 per unit. Let I represent the number of items produced. (a) Write the...

textbroker.com X Final Exam X X Canvas LMS X MATH140-12141 (ONL) X BusCalc.pdf X *Dashboard X -> C A Not Secure | opentextbookstore.com/buscalc/BusCalc.pdf Update : Suggested Sites M Gmail YouTube...

To predict its stock price, maximize its profits and analyze its investments. a) A company is interested in maximizing profits. Its profit model is given by the function: f(x) = x^2x+3 where x...

To predict its stock price, maximize its profits and analyze its investments. a) A company is interested in maximizing profits. Its profit model is given by the function: f(x) = x vx+ 3 where x...

Section 3.6: (page 211) Numbers 6-13 all Section 3.7: (page 218) whole page Section 3.8: (page 227) Numbers 1-13 oddw textbroker.com X Final Exam X X Canvas LMS X MATH140-12141 (ONL) X BusCalc.pdf X...

The Ambrosia Bakery makes cakes for freezing and subsequent sale. The bakery, which operates five days a week, 52 weeks a year, can produce cakes at the rate of 116 cakes per day. The bakery sets up...

Give two reasons why controls would be tested.

Simplify the following expression. d d x 5 x ( 1 5 t 2 + t + 9 ) d t

(a) What is meant by the term algorithmic strategy? (b) What characterizes a brute force strategy? Give an example of a situation where it would not be appropriate to use only this strategy. (c) What...

3. (25 pts) Use Euler's , Midpoint, Heun's methods with h-1, h=0.5 and h=0.25 to approximate y(2.1) where y(t) is the solution of the initial value problem n1:3 n2:38 0138t dy %3D s(), y(0.1)-0.81 *...

Critically analyze the possible implications of primary cultural attributes of a country for its import business practices. Furthermore will there be any difference among such implications for a...

22: In the Chart of Accounts, what are bank accounts listed as? Answer: A. Credits . Debits C. Assets D. Liabilities

John cashed a check for $630. The teller gave him three fifty-dollar bills, eighteen twenty-dollar bills, and t ten-dollar bills. Determine the value of t.

Use spreadsheets to compare these situations after 10 years. Total paid and total paid to the principal for a $300,000. 15 year mortgage with a 6.5% APR Total amount paid for a $2,600 monthly rent...

A graphing calculator has determined this exponential regression equation based upon car value data: y = a*bx, a = 18,547.23 and b = 0.8625. What is the rate of depreciation 4 for this car? How much...

FIGURE EX5.13 shows an acceleration-versus-force graph for a 500 g object. What acceleration values go in the blanks on the vertical scale? Figure Ex 5.13

FIGURE Q5.15 shows a hollow tube forming three-quarters of a circle. It is lying flat on a table. A ball is shot through the tube at high speed. As the ball emerges from the other end, does it follow...

An object experiencing a constant force accelerates at 8 m/s 2 . What will the acceleration of this object be if a. The force is halved? Explain. b. The mass is halved? c. The force is halved and the...