Homework Help is Here – Start Your Trial Now!
Math
Algebra
CHAPTER Polynomial Functions Ace Electric Motorcycles is a new business that has just finished the design phase for its first product, and they're ready to begin production. The monthly costs for their staff, utilities, and plant lease is projected to be $729,000, and the cost to produce each motorcycle will be $4500. Their business plan projects that the revenue from selling x motorcycles will be -3x² +10,000.x. 6 PROJECT 1. Given that profit is equal to revenue minus cost, what is their profit for producing and selling x motorcycles per month? 2. What monthly interval of production will be profitable for the company? 3. Given that revenue is equal to the number of items sold times the price per item, what price range for the motorcycle corresponds to the profitable production interval?

CHAPTER Polynomial Functions Ace Electric Motorcycles is a new business that has just finished the design phase for its first product, and they're ready to begin production. The monthly costs for their staff, utilities, and plant lease is projected to be $729,000, and the cost to produce each motorcycle will be $4500. Their business plan projects that the revenue from selling x motorcycles will be -3x² +10,000.x. 6 PROJECT 1. Given that profit is equal to revenue minus cost, what is their profit for producing and selling x motorcycles per month? 2. What monthly interval of production will be profitable for the company? 3. Given that revenue is equal to the number of items sold times the price per item, what price range for the motorcycle corresponds to the profitable production interval?

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
See similar textbooks
icon
Related questions
Question
CHAPTER 6 PROJECT Polynomial Functions Ace Electric Motorcycles is a new business that has just finished the design phase for its first product, and they're ready to begin production. The monthly costs for their staff, utilities, and plant lease is projected to be $729,000, and the cost to produce each motorcycle will be $4500. Their business plan projects that the revenue from selling x motorcycles will be -3x² +10,000x. 1. Given that profit is equal to revenue minus cost, what is their profit for producing and selling x motorcycles per month? 2. What monthly interval of production will be profitable for the company? 3. Given that revenue is equal to the number of items sold times the price per item, what price range for the motorcycle corresponds to the profitable production interval? 4. What number of motorcycles produced and sold each month will maximize their profit? 5. Their executive team is prepared for monthly fixed costs to be as much as $300,000 higher. In that worst case scenario, what does their monthly profitable production interval become?
Transcribed Image Text:CHAPTER 6 PROJECT Polynomial Functions Ace Electric Motorcycles is a new business that has just finished the design phase for its first product, and they're ready to begin production. The monthly costs for their staff, utilities, and plant lease is projected to be $729,000, and the cost to produce each motorcycle will be $4500. Their business plan projects that the revenue from selling x motorcycles will be -3x² +10,000x. 1. Given that profit is equal to revenue minus cost, what is their profit for producing and selling x motorcycles per month? 2. What monthly interval of production will be profitable for the company? 3. Given that revenue is equal to the number of items sold times the price per item, what price range for the motorcycle corresponds to the profitable production interval? 4. What number of motorcycles produced and sold each month will maximize their profit? 5. Their executive team is prepared for monthly fixed costs to be as much as $300,000 higher. In that worst case scenario, what does their monthly profitable production interval become?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra And Trigonometry (11th Edition)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
Introduction to Linear Algebra, Fifth Edition
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
College Algebra (Collegiate Math)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS