A furniture manufacturer is producing tables that they are selling for $225. Their monthly fixed costs are 12000. For each table they produce, they need $70 in material and $55 in labor.a) express the total costs as a function of the number of tables manufactured.b) How many tables do they need to manufacture to make a profit of $2,000? c) How many tables do they need to manufacture in order for them to breakeven?Answer text
A furniture manufacturer is producing tables that they are selling for $225. Their monthly fixed costs are 12000. For each table they produce, they need $70 in material and $55 in labor.a) express the total costs as a function of the number of tables manufactured.b) How many tables do they need to manufacture to make a profit of $2,000? c) How many tables do they need to manufacture in order for them to breakeven?Answer text
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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Transcribed Image Text:A furniture manufacturer is producing tables that they are selling for $225. Their monthly
fixed costs are 12000. For each table they produce, they need $70 in material and $55 in
labor.a) express the total costs as a function of the number of tables manufactured.b) How
many tables do they need to manufacture to make a profit of $2,000? c) How many tables
do they need to manufacture in order for them to breakeven? Answer text
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VIEWStep 2: a) To express the total costs as a function of number of tables
VIEWStep 3: b) To find the number of tables to be manufactured in order to generate a profit of $2000
VIEWStep 4: c) To find the number of tables to be manufactured in order in order for them to breakeven
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