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QUESTION #10 Triangle Ice Company sells 10-lb bags of ice to retailers for $1.10 per bag. The production cost per bag (including delivery to the retailer) is $0.80 and the weekly fixed costs are $8400. a. Determine the revenue R from selling x bags of ice in a week. b. Determine the cost C of producing and delivering x bags per week. c. Determine the profit P from selling and delivering x bag in a week. d. Determine the break-even point. e. Graph R and C together and label the break-even point. f. Graph P and label its x-intercept. g. Comment on the relationship between the break-even point and the x-intercept.

QUESTION #10 Triangle Ice Company sells 10-lb bags of ice to retailers for $1.10 per bag. The production cost per bag (including delivery to the retailer) is $0.80 and the weekly fixed costs are $8400. a. Determine the revenue R from selling x bags of ice in a week. b. Determine the cost C of producing and delivering x bags per week. c. Determine the profit P from selling and delivering x bag in a week. d. Determine the break-even point. e. Graph R and C together and label the break-even point. f. Graph P and label its x-intercept. g. Comment on the relationship between the break-even point and the x-intercept.

Advanced Engineering Mathematics
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 #10 Triangle Ice Company sells 10-lb bags of ice to retailers for $1.10 per bag. The production cost per bag (including delivery to the retailer) is $0.80 and the weekly fixed costs are $8400. a. Determine the revenue R from selling x bags of ice in a week. b. Determine the cost C of producing and delivering x bags per week. c. Determine the profit P from selling and delivering x bag in a week. d. Determine the break-even point. e. Graph R and C together and label the break-even point. f. Graph P and label its x-intercept. g. Comment on the relationship between the break-even point and the x-intercept.
Transcribed Image Text:QUESTION #10 Triangle Ice Company sells 10-lb bags of ice to retailers for $1.10 per bag. The production cost per bag (including delivery to the retailer) is $0.80 and the weekly fixed costs are $8400. a. Determine the revenue R from selling x bags of ice in a week. b. Determine the cost C of producing and delivering x bags per week. c. Determine the profit P from selling and delivering x bag in a week. d. Determine the break-even point. e. Graph R and C together and label the break-even point. f. Graph P and label its x-intercept. g. Comment on the relationship between the break-even point and the x-intercept.
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