Suppose a company has fixed costs of $300 and variable cost per unit of 2x +1460 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1500x dollars per unit. a. Find the break-even points. b. Find the maximum revenue. c. Form the profit function from the cost and revenue functions and find maximum profit.
Suppose a company has fixed costs of $300 and variable cost per unit of 2x +1460 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1500x dollars per unit. a. Find the break-even points. b. Find the maximum revenue. c. Form the profit function from the cost and revenue functions and find maximum profit.
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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Transcribed Image Text:Suppose a company has fixed costs of $300 and variable cost per unit of 2x +1460 dollars, where x
is the total number of units produced. Suppose further that the selling price of its product is
1500x dollars per unit.
a. Find the break-even points.
b. Find the maximum revenue.
c. Form the profit function from the cost and revenue functions and find maximum profit.
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