6. Jocelyn's Cookie Company makes and sells cookies. Each cookie costs $1.58 to make, and the fixed costs are$426. She sells each cookie for $3.08. Round to two decimal places for all parts of this problem.a.Find the cost function, C(x).b. Find the revenue function, R(x).с.Find the profit function, P(x).d. Find the number of cookies that she must sell to break even.

Answered: 6. Jocelyn's Cookie Company makes and…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Similar questions

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A company sells its product for $53 each. They can produce each product for $27 each and they have fixed costs of $8,700. Using x to represent the number of items produced/sold, find the following functions: Cost function: C(x)=
Suppose that Alexander’s Coffee Shop has fixed costs of $18 and variable costs per unit of $4. The demand function for the coffee shop is P = 24 − 2Q. Given the demand and cost functions, calculate the maximum profit that Alexander’s Coffee Shop can earn.
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A firm sells a product for $80 per unit. Raw material costs are$12,50 per unit, labor costs are $27,50 per unit, and annual fixedcosts are $260,000.a. Determine the profit function P(x), where x equals the numberof units sold.b. How many units would have to be sold to earn an annualprofit of $250,000.
The marketing department of a company estimates that the demand for a product is given by p = 100 - 0.0001x, where p is the price per unit and x is the number of units. The cost C of producing x units is given by C = 310,000 + 25x and the profit P for producing and selling x units is given by P = R - C = xp – C. Sketch the graph of the profit function. P FA 15 000 000 15 000 000 10 000 000 10 000 000 5 000 000 5000 000 1 2 3 4 5 7 8 9 1 2 3 4 5 6 8 9 1 = 100,000 1= 100,000 MacBook DII 888 F9 F8 F7 F4 F5 F3 F1 * & $ % @ # 8 9 2 3 4 T Y Q W K G H .. . - < (O
The manufacturer of an energy drink spends $1.40 to make each drink and sells them for $3. The manufacturer also has fixed costs each month of $8000. a. Find the cost function C when x energy drinks are manufactured C(x)= b. Find the revenue for R when x drinks are soldR(x)= c. Find the break even point by any method x= drinks

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