2 The company Shirts Galore has figured its total cost of producing and selling x units of T-shirts per month is given by the equation C(x) = 120+2.5x-0.0002r. a) Write a rational function to represent the average cost of producing and selling a shirt. b) If the production level is 1200 shirts per month, find the average cost of producing and selling a shirt. c) If the shirts are sold for $7.98 a shirt, what is the profit realized on producing and selling 1200 shirts per month? d) What price must be charged when selling the shirts for a profit of $7368 to be made on 1200 shirts in one month? * A large company is considering changing

2 The company Shirts Galore has figured its total cost of producing and selling x units of T-shirts per month is given by the equation C(x) = 120+2.5x-0.0002r. a) Write a rational function to represent the average cost of producing and selling a shirt. b) If the production level is 1200 shirts per month, find the average cost of producing and selling a shirt. c) If the shirts are sold for $7.98 a shirt, what is the profit realized on producing and selling 1200 shirts per month? d) What price must be charged when selling the shirts for a profit of $7368 to be made on 1200 shirts in one month? * A large company is considering changing

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.

Question

2 The company Shirts Galore has figured its total cost of producing and sclling x units of T-shirts per month is
given by the equation C(x) = 120 +2.5x-0.0002r.
a) Write a rational function to represent the average cost of producing and selling a shirt.
b) If the production level is 1200 shirts per month, find the average cost of producing and selling a shirt.
c) If the shirts are sold for $7.98 a shirt, what is the profit realized on producing and selling 1200 shirts per
month?
d) What price must be charged when selling the shirts for a profit of $7368 to bc made on
1200 shirts in one month?
* A large company is considering changing

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