Assume that the linear cost and revenue models apply. An item costs $4 to make. If fixed costs are $3400 and profits are $28600 when 1000 items are made and sold, find the revenue equation. (Let x be the number of items.) R(X) = %3D
Assume that the linear cost and revenue models apply. An item costs $4 to make. If fixed costs are $3400 and profits are $28600 when 1000 items are made and sold, find the revenue equation. (Let x be the number of items.) R(X) = %3D
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...
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![Assume that the linear cost and revenue models
apply. An item costs $4 to make. If fixed costs are
$3400 and profits are $28600 when 1000 items
are made and sold, find the revenue equation. (Let
x be the number of items.)
R(X) =](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F624aa330-631d-4024-b4d4-53a4f2788276%2Fc63fa19c-038b-4ed5-ae90-1f64d8d1e127%2F91fnww_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assume that the linear cost and revenue models
apply. An item costs $4 to make. If fixed costs are
$3400 and profits are $28600 when 1000 items
are made and sold, find the revenue equation. (Let
x be the number of items.)
R(X) =
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