A certain seed and fertilizer company compiled the following estimates for its operations. Capacity per period is sales of $170,000. (a) the revenue function (b) the cost function (a) Write an algebraic expression for the revenue function. Assume a selling price of $1. Total Revenue = (Type an expression using x as the variable. Do not include the $ symbol in your answer.) Sales Fixed cost Total variable cost Total cost Net income $39,300 63,840 $152,000 103,140 $48,860

A certain seed and fertilizer company compiled the following estimates for its operations. Capacity per period is sales of $170,000. (a) the revenue function (b) the cost function (a) Write an algebraic expression for the revenue function. Assume a selling price of $1. Total Revenue = (Type an expression using x as the variable. Do not include the $ symbol in your answer.) Sales Fixed cost Total variable cost Total cost Net income $39,300 63,840 $152,000 103,140 $48,860

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

=
A certain seed and fertilizer company compiled the following estimates for its operations. Capacity per period is sales of $170,000.
(a) the revenue function
(b) the cost function
(a) Write an algebraic expression for the revenue function. Assume a selling price of $1.
Total Revenue =
(Type an expression using x as the variable. Do not include the $ symbol in your answer.)
Sales
Fixed cost
Total variable cost
Total cost
Net income
$39,300
63,840
$152,000
103,140
$48,860

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