The French Club wants to make and sell cookies in order to raise $500 for a...
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The French Club wants to make and sell cookies in order to raise $500 for a field trip. The equipment they want to use costs $400 to rent and to operate, and the ingredients for the cookies cost 45 cents per cookie. The French Club wants to sell the cookies for $2 each. Let x represent number of cookies. Find the following: a. The cost function b. The revenue function c. The profit function d. The average cost function e. The break-even point f. At this price, how many cookies will they need to sell in order to earn back the money they paid for the ingredients and the equipment rental and make a profit of $500? The French Club wants to make and sell cookies in order to raise $500 for a field trip. The equipment they want to use costs $400 to rent and to operate, and the ingredients for the cookies cost 45 cents per cookie. The French Club wants to sell the cookies for $2 each. Let x represent number of cookies. Find the following: a. The cost function b. The revenue function c. The profit function d. The average cost function e. The break-even point f. At this price, how many cookies will they need to sell in order to earn back the money they paid for the ingredients and the equipment rental and make a profit of $500?
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a The cost function The cost function represents the total cost incurred to make x cookies In this c... View the full answer
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Posted Date:
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