Suppose a company has fixed costs of $54,400 and variable cost per unit of 4/9x + 222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1856 − 5/9x dollars per unit. (a) Find the break-even points (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions.
Suppose a company has fixed costs of $54,400 and variable cost per unit of 4/9x + 222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1856 − 5/9x dollars per unit. (a) Find the break-even points (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions.
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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Suppose a company has fixed costs of $54,400 and variable cost per unit of 4/9x + 222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1856 − 5/9x dollars per unit.
(a) Find the break-even points
(b) Find the maximum revenue.
(c) Form the profit function P(x) from the cost and revenue functions.
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