The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising "Eat-a-thon." The society will charge students 55¢ per serving of pasta. The only expenses the society will incur are the cost of the pasta, estimated at 17¢ per serving, and the $380 cost of renting the facility for the evening. (a) Write down the associated cost function C(x) in dollars. C(x) = Write down the revenue function R(x) in dollars. R(x) = Write down the profit function P(x) in dollars. P(x) = (b) How many servings of pasta must the Audubon Society sell to break even? servings (c) What profit (or loss) results from the sale of 1,500 servings of pasta? $

The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising "Eat-a-thon." The society will charge students 55¢ per serving of pasta. The only expenses the society will incur are the cost of the pasta, estimated at 17¢ per serving, and the $380 cost of renting the facility for the evening. (a) Write down the associated cost function C(x) in dollars. C(x) = Write down the revenue function R(x) in dollars. R(x) = Write down the profit function P(x) in dollars. P(x) = (b) How many servings of pasta must the Audubon Society sell to break even? servings (c) What profit (or loss) results from the sale of 1,500 servings of pasta? $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising "Eat-a-thon." The society will charge students 55¢ per serving of pasta. The only expenses the society will
incur are the cost of the pasta, estimated at 17¢ per serving, and the $380 cost of renting the facility for the evening.
(a) Write down the associated cost function C(x) in dollars.
C(x)
=
Write down the revenue function R(x) in dollars.
R(x)
=
Write down the profit function P(x) in dollars.
P(x): =
(b) How many servings of pasta must the Audubon Society sell to break even?
servings
tA
(c) What profit (or loss) results from the sale of 1,500 servings of pasta?

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