Homework Help is Here – Start Your Trial Now!
Math
Calculus
The company can sell the item for $90,000 each. a) Write a cost function C(x) and a revenue function R(x) for this company. b) How many items does the company need to sell to break even? c) Write the profit function P(x) for this company. Solve P(x) = 0 and interpret the answer.

The company can sell the item for $90,000 each. a) Write a cost function C(x) and a revenue function R(x) for this company. b) How many items does the company need to sell to break even? c) Write the profit function P(x) for this company. Solve P(x) = 0 and interpret the answer.

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
See similar textbooks
icon
Related questions
Question
The daily cost to a company to produce each item is $30,000 with total fixed costs of $120,000. The company can sell the item for $90,000 each. a) Write a cost function C (x) and a revenue function R(x) for this company. b) How many items does the company need to sell to break even? c) Write the profit function P(x) for this company. Solve P(x) = 0 and interpret the answer.
Transcribed Image Text:The daily cost to a company to produce each item is $30,000 with total fixed costs of $120,000. The company can sell the item for $90,000 each. a) Write a cost function C (x) and a revenue function R(x) for this company. b) How many items does the company need to sell to break even? c) Write the profit function P(x) for this company. Solve P(x) = 0 and interpret the answer.
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS