the total revenue R for a manufacturer during a given time period is a function

Question

the total revenue R for a manufacturer during a given time period is a function of the number N of items produced during that period. in this exercise we assum that the selling price per unit of the item is a constant, so it does not depend on the number of items produced, The profit P for a maufacturer is the total revenue minus the total cost. if the profit is zero then the manufacturer is at a break even point. we consider again the manufacture of widgets in ex. 5 with fixed cost $1500 per month and a variable cost of $20 per wiget. suppose the man. sells 100 widgets for $2300 total. use a formula to express the total monthly revienue R in dollarsof this man. in a month as a function of the number N of widgets produced in a month

Explanation / Answer

because the selling price of the unit is constant the widgets are sold at 23$/unit Total Revenue = (Units sold) x (price per unit) f(n) = n x 23 or f(n) = 23n where n is the number of widgets sold

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