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A firm sells a product for $80 per unit. Raw material costs are $12,50 per unit, labor costs are $27,50 per unit, and annual fixed costs are $260,000. a. Determine the profit function P(x), where x equals the number of units sold. b. How many units would have to be sold to earn an annual profit of $250,000.

A firm sells a product for $80 per unit. Raw material costs are $12,50 per unit, labor costs are $27,50 per unit, and annual fixed costs are $260,000. a. Determine the profit function P(x), where x equals the number of units sold. b. How many units would have to be sold to earn an annual profit of $250,000.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A firm sells a product for $80 per unit. Raw material costs are
$12,50 per unit, labor costs are $27,50 per unit, and annual fixed
costs are $260,000.
a. Determine the profit function P(x), where x equals the number
of units sold.
b. How many units would have to be sold to earn an annual
profit of $250,000.

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