The pharmaceutical company Timalfeen produces an antidepressant drug and sells it by the case. Let a represent
Question:
The pharmaceutical company Timalfeen produces an antidepressant drug and sells it by the case. Let a represent the number of cases of the drug produced or sold by Timalfeen. The applet below shows the graph of three linear: C, the total production cost in dollars; R, the total revenue in dollars; P, the total profit in dollars.
you can drag points C, R, and P along the graphs. you may also use the input box to set a specific value for a. noticed the display of the ordered pairs of the three points that correspond to a given value of a. Use the applet to help you complete the following.
part a
use the information above, and the given graphs to find the cost, revenue, and profit models for Timafleen's production and sale of this drug. Write each of the three models in function notation.
part b
Before Timalfeen can begin production of the drug, they need to prep and set up the machinery and pay for the insurance for the facility. The total of the set up cost will be $992.73. How much does Timalfeen pay for the insurance? Explain how you know.
part C
find the marginal cost of the production went 125 cases of the drug are produced. Write a sentence to interpret this value.
part D
how many cases of the drug does Timalfeem need to sell to break even? Explain why point B can be used to visualize the break even point.
part e
What is Timalfeen's profit at the break even point? explain why point in a can be used to visualize the break even point.
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe