A company that sells radios has yearly fixed costs of ​$650,000. It costs the company $50 to produce each radio. Each radio will sell for $75. The​ company's costs and revenue are modeled by the following​ functions, where x represents the number of radios produced and sold. ​ C(x)=650,000+50​x, ​R(x)=75x Find and interpret (R−C)(13,000)​, (R−C)(26,000)​, and (R−C)(39,000). (R−C)(13,000)= What is the meaning of (R−C)(13,000)​? A. If the company sells 325,000 radios in one​ year, its net profit is ​$13,000. B. If the company sells 325,000 radios in one​ year, its net loss is ​$13,000. C. If the company sells 13,000 radios in one​ year, its net loss is ​$325,000. D. If the company sells 13,000 radios in one​ year, its net profit is ​$325,000. (R−C)(26,000)= What is the meaning of (R−C)(26,000)​? A. The company cannot sell more than 26,000 radios in one year. B. The most the company can make in one year is ​$26,000. C. If the company sells 26,000 radios in one​ year, it neither makes nor loses money. D. The least the company can make in one year is ​$26,000. (R−C)(39,000)= What is the meaning of (R−C)(39,000)​? A. If the company sells 39,000 radios in one​ year, its net profit is ​$325,000. B. If the company sells 39,000 radios in one​ year, its net loss is ​$325,000. C. If the company sells 325,000 radios in one​ year, its net profit is ​$39,000. D. If the company sells 325,000 radios in one​ year, its net loss is ​$39,000.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
icon
Concept explainers
Topic Video
Question

A company that sells radios has yearly fixed costs of ​$650,000. It costs the company $50 to produce each radio. Each radio will sell for $75. The​ company's costs and revenue are modeled by the following​ functions, where x represents the number of radios produced and sold. ​

C(x)=650,000+50​x, ​R(x)=75x

Find and interpret (R−C)(13,000)​, (R−C)(26,000)​, and (R−C)(39,000).

(R−C)(13,000)=

What is the meaning of (R−C)(13,000)​?

A. If the company sells 325,000 radios in one​ year, its net profit is ​$13,000.

B. If the company sells 325,000 radios in one​ year, its net loss is ​$13,000.

C. If the company sells 13,000 radios in one​ year, its net loss is ​$325,000.

D. If the company sells 13,000 radios in one​ year, its net profit is ​$325,000.

(R−C)(26,000)=

What is the meaning of (R−C)(26,000)​?

A. The company cannot sell more than 26,000 radios in one year.

B. The most the company can make in one year is ​$26,000.

C. If the company sells 26,000 radios in one​ year, it neither makes nor loses money.

D. The least the company can make in one year is ​$26,000.

(R−C)(39,000)=

What is the meaning of (R−C)(39,000)​?

A. If the company sells 39,000 radios in one​ year, its net profit is ​$325,000. B. If the company sells 39,000 radios in one​ year, its net loss is ​$325,000.

C. If the company sells 325,000 radios in one​ year, its net profit is ​$39,000. D. If the company sells 325,000 radios in one​ year, its net loss is ​$39,000.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman