ooo AT&T; 12:11 PM 47% final review docx Done Suppose a company has fiued costs

Question

ooo AT&T; 12:11 PM 47% final review docx Done Suppose a company has fiued costs r 5.000 and variable cost per unit of dollars where isthe orta number of units produced suppose further that the selling price of ts preduct dollars per unit. (a) Rind the break-even points. (Enter your answers as a comma separated list.) (b) Find the maximum revenue (Round your answer to the nearest cent. Form the profit function PKR) from the cost and revenue functioni. Find maximum profit. (d what price will maximize the profit (Round your answer to the nearest cent) a. Construct a table that gives the revenue generated a b. (4p) Provide a sketch of the graph and label the And graph the cost and revenue function a. What is the total cost function? b. What is the total revenue function? c. What is the profit function? d. What is the marginal profit? Explain answer :The slope of the profit line is (number). This means that the profit made per unit is (number) e. What is the company's break even quantity

Explanation / Answer

Cost function = fixed cost + variable cost = 45000+ x(x/3 +333) = 45000 +x^2/3 + 333x

Revenue function = x(1863 - 2x/3) = 1863x - 2x^2/3

So, Profit function = 1863x - 2x^2/3 - 45000 - x^2/3 - 333x = -x^2 +1530x - 45000

Break even : when profit function =0

-x^2 + 1530x - 45000 =0 ; solve for x ; x= 1500 ; x= 30

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