A company produces very unusual CD's for which the variabl fixed costs are $ 45000. They will sell the CD's for $ 56 each. Cost is 8 per Let n be the number of CD's produced, C(n) be the cost for producing n CD's, R(n) equal the revenue earned from selling n CD's, and P(n) equal the total Profit (Revenu minus Cost). Using this information, answer the questions below. Note: For each of the following, you must write a complete function using formal function notation to get full credit. For example, for the cost function, it must be the form:
A company produces very unusual CD's for which the variabl fixed costs are $ 45000. They will sell the CD's for $ 56 each. Cost is 8 per Let n be the number of CD's produced, C(n) be the cost for producing n CD's, R(n) equal the revenue earned from selling n CD's, and P(n) equal the total Profit (Revenu minus Cost). Using this information, answer the questions below. Note: For each of the following, you must write a complete function using formal function notation to get full credit. For example, for the cost function, it must be the form:
Linear Algebra: A Modern Introduction
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Transcribed Image Text:Cost, Revenue, Profit
A company produces very unusual CD's for which the variable cost is $ 8 per CD and the
fixed costs are $ 45000. They will sell the CD's for $ 56 each.
Let n be the number of CD's produced, C(n) be the cost for producing n CD's, R(n)
equal the revenue earned from selling n CD's, and P(n) equal the total Profit (Revenue
minus Cost). Using this information, answer the questions below.
Note: For each of the following, you must write a complete function using formal
function notation to get full credit. For example, for the cost function, it must be in
the form:
C(n) = mn + b
Write the total cost C(n) as a function of the number of CD's produced.
Cost Function:
Write the total revenue R(n) as a function of the number of CD's produced.
Revenue Function:
Write the total profit P(n) as a function of the number of CD's produced.
Profit Function:
Find the minimum number of CD's which must be produced to not lose money (i.e. break
even or make a profit). If needed round up to the nearest CD.
The minimum number of CD's which must be produced to not lose money
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