A company produces lamps, for which the variable cost is $7 per lamp and the fixed costs are $25000. They will sell the lamps for $80 each. Let æ be the number of lamps produced. a) Write an expression to represent the total cost. C(x) = b) Write an expression to represent the total revenue. R(x) = c) Find the number of lamps which must be produced to break even.
A company produces lamps, for which the variable cost is $7 per lamp and the fixed costs are $25000. They will sell the lamps for $80 each. Let æ be the number of lamps produced. a) Write an expression to represent the total cost. C(x) = b) Write an expression to represent the total revenue. R(x) = c) Find the number of lamps which must be produced to break even.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question

Transcribed Image Text:A company produces lamps, for which the variable cost is $7 per lamp and the fixed costs are $25000.
They will sell the lamps for $80 each. Let be the number of lamps produced.
a) Write an expression to represent the total cost.
C(x) =
b) Write an expression to represent the total revenue.
R(x) =
c) Find the number of lamps which must be produced to break even.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps

Recommended textbooks for you

Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated

Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY

Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated

Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY

Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,

