Question: Use the following problem to answer questions 8-10 The cost for producing a certain product is $37 each. The fixed costs are $70,000 .

Use the following problem to answer questions

8-10

\ The cost for producing a certain product is

$37

each. The fixed costs are

$70,000

. The selling price for each product is

$72

.\ 8. What is the profit function?\ a.

P(x)=72x-70,000

\ b.

P(x)=35x-70,000

\ c.

P(x)=37x+70,000

\ d.

P(x)=35x+70,000

\ e.

P(x)=72x+70,000

\ 9. What is the break-even quantity?\ a. 2,000\ b. 4,800\ c. 1,846\ d. 5,000\ e. 1,500\ 10. What is the break-even point?\ a.

(1500,0)

\ b.

(4800,432000)

\ c.

(1846,132912)

\ d.

(1500,108000)

\ e.

(2000,144000)

$Use the following problem to answer questions 8-10\ The cost for$

Use the following problem to answer questions 810 The cost for producing a certain product is $37 each. The fixed costs are $70,000. The selling price for each product is $72. 8. What is the profit function? a. P(x)=72x70,000 b. P(x)=35x70,000 c. P(x)=37x+70,000 d. P(x)=35x+70,000 e. P(x)=72x+70,000 9. What is the break-even quantity? a. 2,000 b. 4,800 c. 1,846 d. 5,000 e. 1,500 10. What is the break-even point? a. (1500,0) b. (4800,432000) c. (1846,132912) d. (1500,108000) e. (2000,144000)

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