A company produces and sells watches. The cost to make each watch is $55 and the fixed cost for the production of the watches is $12,000. The company sells the watches for $175 each. Q2.1 Part a) Determine a function for the total cost for making the watches and a function for the revenue that models the money you will receive for selling the watches. Define your variables and don't forget the units. Use proper function notation. Cost Function: Enter your answer here Revenue Function: Enter your answer here Save Answer Q2.2 Part b) Graph both the revenue and cost functions on the same set of axes using a context relevant domain. Label, on the graph, the revenue line, the cost line, and the break even point (revenue = cost). Include all labels and units. (Upload a pdf scan of your work) Upload a pdf scan of your work in the correct orientation for CREDIT. E Please select file(s) Select file(s) Save Answer Q2.3 Part c) Based on the graph from Q4.2 Part b, how many watches must the company sell in order to "break-even"?
A company produces and sells watches. The cost to make each watch is $55 and the fixed cost for the production of the watches is $12,000. The company sells the watches for $175 each. Q2.1 Part a) Determine a function for the total cost for making the watches and a function for the revenue that models the money you will receive for selling the watches. Define your variables and don't forget the units. Use proper function notation. Cost Function: Enter your answer here Revenue Function: Enter your answer here Save Answer Q2.2 Part b) Graph both the revenue and cost functions on the same set of axes using a context relevant domain. Label, on the graph, the revenue line, the cost line, and the break even point (revenue = cost). Include all labels and units. (Upload a pdf scan of your work) Upload a pdf scan of your work in the correct orientation for CREDIT. E Please select file(s) Select file(s) Save Answer Q2.3 Part c) Based on the graph from Q4.2 Part b, how many watches must the company sell in order to "break-even"?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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
Transcribed Image Text:A company produces and sells watches. The cost to make each watch is $55 and the fixed cost
for the production of the watches is $12,000. The company sells the watches for $175 each.
Q2.1 Part a)
Determine a function for the total cost for making the watches and a function for the revenue
that models the money you will receive for selling the watches. Define your variables and don't
forget the units. Use proper function notation.
Cost Function:
Enter your answer here
Revenue Function:
Enter your answer here
Save Answer
Q2.2 Part b)
Graph both the revenue and cost functions on the same set of axes using a context relevant
domain. Label, on the graph, the revenue line, the cost line, and the break even point (revenue
= cost). Include all labels and units. (Upload a pdf scan of your work)
Upload a pdf scan of your work in the correct orientation for CREDIT.
E Please select file(s)
Select file(s)
Save Answer
Q2.3 Part c)
Based on the graph from Q4.2 Part b, how many watches must the company sell in order to
"break-even"?
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