A company makes and sells ornamental vases. To make the vases there is a fixed monthly cost of $6,000 and an additional production cost of $9 per vase. The vases sell for $18 each (a) Write down the cost function. (b) Write down the revenue function. (c) Find the profit function. (d) Find the break even point. (e) How many vases must the company sell to make a 20% profit?
A company makes and sells ornamental vases. To make the vases there is a fixed monthly cost of $6,000 and an additional production cost of $9 per vase. The vases sell for $18 each (a) Write down the cost function. (b) Write down the revenue function. (c) Find the profit function. (d) Find the break even point. (e) How many vases must the company sell to make a 20% profit?
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 8ECP
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