| Taylor LTD Company produces a product. Let q be the number of units sold. The variable cost is $6q and the fixed cost is $ 110 000. Each unit has a selling price of $11.5. a) Determine the total revenue equation. b) Determine the total cost equation. c) Determine the profit equation.

| Taylor LTD Company produces a product. Let q be the number of units sold. The variable cost is $6q and the fixed cost is $ 110 000. Each unit has a selling price of $11.5. a) Determine the total revenue equation. b) Determine the total cost equation. c) Determine the profit equation.

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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Question

d) Determine the number of units that must be sold for the company to earn a profit
of $48 000.
Taylor LTD Company produces a product. Let q be the number of units sold. The
variable cost is $6q and the fixed cost is $ 110 000. Each unit has a selling price of
$11.5.
a) Determine the total revenue equation.
b) Determine the total cost equation.
e) Determine the minimum number of units that must be sold for the company to
earn a profit.
c) Determine the profit equation.

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