A company sells a product for $77 each. The variable costs are $24 per unit and fixed costs are $29,786 per month. a) Find the revenue function. R(x)= 1 b) Find the cost function. C(x) = c) Calculate the number of units needed to be sold per month to break-even. units d) Calculate the revenue at the break-even (round off to the nearest cent). $

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A company sells a product for $77 each. The variable costs are $24 per unit and fixed costs are
$29,786 per month.
a) Find the revenue function.
R(x) =
1
b) Find the cost function.
C(x) =
c) Calculate the number of units needed to be sold per month to break-even.
units
d) Calculate the revenue at the break-even (round off to the nearest cent). $
Transcribed Image Text:A company sells a product for $77 each. The variable costs are $24 per unit and fixed costs are $29,786 per month. a) Find the revenue function. R(x) = 1 b) Find the cost function. C(x) = c) Calculate the number of units needed to be sold per month to break-even. units d) Calculate the revenue at the break-even (round off to the nearest cent). $
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