A company sells a chair for $450. It costs them $350 to make each chair, plus fixed costs for operation of $20,000.Write the cost and revenue functions.Cost =Revenue =(Type expressions using x as the variable.)

Answered: Image /qna-images/answer/d41851f6-a8a7-4116-80e9-bb8dd6fa847b.jpg

Answered: A company sells a chair for $450. It…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

Renting a coastguard cost 50 dollars, it only caters 5 persons. Additional coastgurad can be hired as needed. Represent the cost of renting coastguard as a function of the number of person. How many coastguard will be needed for 12 person? 26 person? How much will it cost?
It costs a publishing company $60,001 in fixed costs and it costs $4.20 per book to produce them. The publisher sells the books for $10 each. What are the revenue and cost functions? Find and interpret the break-even point.
A manufacturer of electronic parts has a fixed cost of $410 and a variable cost of $17 per part monthly. The company sells each electronic part for $26 per item. Write a function that models the total profit
A shirt producer has a fixed monthly cost of $3600. If each shirt has a cost of $3 and sells for $12 find: Cost function Revenue function Profit
A company produces hats $8.50 per unit, plus a fixed operating cost of $2 200. The company sells the product for $19.50. Determine the profit function. State the range of the profit function.
Each horse you own eats 4 bales of hay per month. Each bale of hay costs $15. a. Create a function called f whose input is the number of horses you own and whose output is the number of bales of hay eaten per month. Use x as your input variable. b. Create a function called g whose input is the number of bales of hay eaten per month and whose output is the total cost. Use x as your input variable. c. Create a function called / whose input is the number of horses you own and whose output is the total cost. Use x as your input variable. d. If you own 5 horses, use your functions f, g and h to find out how many bales of hay are eaten per month and how much money this will cost. e. Draw a diagram of the three functions f, g, and h. Show the input and output of each function, and their relationship.

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,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS

A company sells a chair for $450. It costs them $350 to make each chair, plus fixed costs for operation of $20,000. Write the cost and revenue functions. Cost = Revenue = (Type expressions using x as the variable.)