The cost and revenue functions related to producing widgets are C(x) = 10x+500 and R(x) = 15x

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The cost and revenue functions related to producing widgets are

C(x) = 10x+500 and R(x) = 15x

1. Determine the fixed cost

2. Determine the marginal cost

3. What is the break-even quantity?

4. What is the profit from selling 25 widgets?

Related Book For answer-question

College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Posted Date: Oct 11, 2022 04:29 AM

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The cost and revenue functions related to producing widgets are C(x) = 10x+500 and R(x) = 15x

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Expert Answer:

1 Fixed cost is 500 2 Marginal cost is 10 3 The breakeven quantity is 50 4 The ... View the full answer

College Mathematics For Business Economics, Life Sciences, And Social Sciences

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