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A jewelry maker incurs costs for a necklace according to C(x) =29x+1650. If the revenue function for the necklaces is R(x) = 59x how many necklaces must be sold to break even? necklaces Electronic equipment manufacturer Dynamo Electric, Inc. makes several types of surge protectors. Their base model surge protector has monthly fixed costs of $1040. This particular model wholesales for $13 each and costs $6.50 per unit to manufacture. (a) Write the function for Dynamo's monthly total costs. C(x) = A manufacturer sells belts for $13 per unit. The fixed costs are $2500 per month, and the variable cost per unit is $8. (a) Write the equations of the revenue R(x) and cost C(x) functions. (b) Write the function for Dynamo's monthly total revenue. R(x) = R(x) = C(x) = (b) Find the break-even point. It takes units to break even. (c) Write the function for Dynamo's monthly profit. P(x) = (d) Find the number of this type of surge protector that Dynamo must produce and sell each month to break even. surge protectors

A jewelry maker incurs costs for a necklace according to C(x) =29x+1650. If the revenue function for the necklaces is R(x) = 59x how many necklaces must be sold to break even? necklaces Electronic equipment manufacturer Dynamo Electric, Inc. makes several types of surge protectors. Their base model surge protector has monthly fixed costs of $1040. This particular model wholesales for $13 each and costs $6.50 per unit to manufacture. (a) Write the function for Dynamo's monthly total costs. C(x) = A manufacturer sells belts for $13 per unit. The fixed costs are $2500 per month, and the variable cost per unit is $8. (a) Write the equations of the revenue R(x) and cost C(x) functions. (b) Write the function for Dynamo's monthly total revenue. R(x) = R(x) = C(x) = (b) Find the break-even point. It takes units to break even. (c) Write the function for Dynamo's monthly profit. P(x) = (d) Find the number of this type of surge protector that Dynamo must produce and sell each month to break even. surge protectors

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 5E
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A jewelry maker incurs costs for a necklace according to C(x) =29x+1650. If the revenue function for the necklaces is R(x) = 59x how many necklaces must be sold to break even? necklaces Electronic equipment manufacturer Dynamo Electric, Inc. makes several types of surge protectors. Their base model surge protector has monthly fixed costs of $1040. This particular model wholesales for $13 each and costs $6.50 per unit to manufacture. (a) Write the function for Dynamo's monthly total costs. C(x) = A manufacturer sells belts for $13 per unit. The fixed costs are $2500 per month, and the variable cost per unit is $8. (a) Write the equations of the revenue R(x) and cost C(x) functions. (b) Write the function for Dynamo's monthly total revenue. R(x) = R(x) = C(x) = (b) Find the break-even point. It takes units to break even. (c) Write the function for Dynamo's monthly profit. P(x) = (d) Find the number of this type of surge protector that Dynamo must produce and sell each month to break even. surge protectors
Transcribed Image Text:A jewelry maker incurs costs for a necklace according to C(x) =29x+1650. If the revenue function for the necklaces is R(x) = 59x how many necklaces must be sold to break even? necklaces Electronic equipment manufacturer Dynamo Electric, Inc. makes several types of surge protectors. Their base model surge protector has monthly fixed costs of $1040. This particular model wholesales for $13 each and costs $6.50 per unit to manufacture. (a) Write the function for Dynamo's monthly total costs. C(x) = A manufacturer sells belts for $13 per unit. The fixed costs are $2500 per month, and the variable cost per unit is $8. (a) Write the equations of the revenue R(x) and cost C(x) functions. (b) Write the function for Dynamo's monthly total revenue. R(x) = R(x) = C(x) = (b) Find the break-even point. It takes units to break even. (c) Write the function for Dynamo's monthly profit. P(x) = (d) Find the number of this type of surge protector that Dynamo must produce and sell each month to break even. surge protectors
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