Suppose that C(q) = 3000+ 2.5g and R(q) = pq (as it always does/will) are the...

 

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Suppose that C(q) = 3000+ 2.5g and R(q) = pq (as it always does/will) are the cost and revenue functions respectively for manufacturing bird baths. (a) What is the least amount of bird baths that must be sold in order to begin to see a profit? (b) If the price to the consumer of a single bird bath is $24.00, how much money would be obtained at the break-even quantity? (c) Suppose that the demand, q, for bird baths is modeled by q = 2000-4p, where p is the price to consumer. What is a model for profit in terms of p? Suppose that C(q) = 3000+ 2.5g and R(q) = pq (as it always does/will) are the cost and revenue functions respectively for manufacturing bird baths. (a) What is the least amount of bird baths that must be sold in order to begin to see a profit? (b) If the price to the consumer of a single bird bath is $24.00, how much money would be obtained at the break-even quantity? (c) Suppose that the demand, q, for bird baths is modeled by q = 2000-4p, where p is the price to consumer. What is a model for profit in terms of p?

Answer rating: 100% (QA)

a To begin seeing a profit the revenue should exceed the cost The profit is given by the difference ... View the full answer