6. (a) Coco's Cookie Company is producing cookies and has a fixed cost of $500. Assumethey have a linear cost model. If the total cost to produce 100 cookies is $800,what is their cost function to produce x cookies? Show your work or explain yourreasoning.(b) Coco's Cookie Company finds their demand function is given by p(x) = 63 - x.What is the revenue function? (Assume there is enough supply to meet demand.)(c) How many cookies do they need to sell to break even? (There are two possibleanswers, give both.)

Answered: Image /qna-images/answer/728dda38-0a55-4ffc-8d81-335754d032a0.jpg

Answered: 6. (a) Coco's Cookie Company is…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

See similar textbooks

Similar questions

Assume that the linear cost model applies. If the total cost of producing 200 items at $5 each is $1690, find the cost equation. (Let x be the number of items.)C(x) =
Giant purchases bone-in short ribs for $3/lb. and boneless short ribs for $4/lb. Let p denote the price at which they sell bone-in short ribs and q the price at which they sell boneless short ribs. Suppose 2000 -150p +100q pounds of bone- in short rib are sold and 1000 + 180p -120q pounds of boneless short rib are sold. Determine the prices that Giant should set to maximize profit.
Describe a cost function for a business venture. What are the two kinds of costs that are modeled by this function?
4) PhotoMax makes disposable cameras that sell for $7.89 each and cost $3.24 each to produce. The weekly fixed cost for the company is $16500. a) Find equations for cost, revenue and profit functionsb) Graph each function on the same graph – indicate areas of profit and lossc) Find the break-even point
Solve the problem. 10) 10) A chess master creates instructional videos about various opening strategies. She sells the videos in 3-hr packages for $ 35 each. Her one-time initial cost to produce each 3-hr video package is $4,600 (this includes labor and the cost of computer supplies). The cost to package and ship each DVD is $ 2.95. a. Write a linear cost function that represents the cost C(x) to produce, package, and ship x 3-hr video packages. b. Write a linear revenue function to represent the revenue R(x) for selling x 3-hr video packages. c. Evaluate (R - C)(x) and interpret its meaning in the context of this problem.
Assume that the linear cost model applies. If the total cost of producing 1600 items at $15 each is $24410, find the cost equation. (Let x be the number of items.)C(x) =
A fabric wholesaler, The Dynamic has fixed the cost of $3,200 and a production cost of $12 for each bundle. The fabrics sells for $54 per bundle. (a) Find the cost function, C. (b) Find the profit function, P. (c) Compute the profit (or loss), results of selling 200 bundles. (d) Find the number of bundles they need to sell if they wish to make a profit of $55,500.

Recommended textbooks for you

Calculus: Early Transcendentals

Calculus

ISBN:

9781285741550

Author:

James Stewart

Publisher:

Cengage Learning

Thomas' Calculus (14th Edition)

Calculus

ISBN:

9780134438986

Author:

Joel R. Hass, Christopher E. Heil, Maurice D. Weir

Publisher:

PEARSON

Calculus: Early Transcendentals (3rd Edition)

Calculus

ISBN:

9780134763644

Author:

William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz

Publisher:

PEARSON

Calculus: Early Transcendentals

Calculus

ISBN:

9781285741550

Author:

James Stewart

Publisher:

Cengage Learning

Thomas' Calculus (14th Edition)

Calculus

ISBN:

9780134438986

Author:

Joel R. Hass, Christopher E. Heil, Maurice D. Weir

Publisher:

PEARSON

Calculus: Early Transcendentals (3rd Edition)

Calculus

ISBN:

9780134763644

Author:

William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz

Publisher:

PEARSON

Calculus: Early Transcendentals

Calculus

ISBN:

9781319050740

Author:

Jon Rogawski, Colin Adams, Robert Franzosa

Publisher:

W. H. Freeman

Precalculus

Calculus

ISBN:

9780135189405

Author:

Michael Sullivan

Publisher:

PEARSON

Calculus: Early Transcendental Functions

Calculus

ISBN:

9781337552516

Author:

Ron Larson, Bruce H. Edwards

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

6. (a) Coco's Cookie Company is producing cookies and has a fixed cost of $500. Assume they have a linear cost model. If the total cost to produce 100 cookies is $800, what is their cost function to produce x cookies? Show your work or explain your reasoning.