To manufacture a new product a company estimate that fixed costs are $425000 per month with a cost of $4.75 per each unit produced. In addition the company plans to sell the items for $9.75 each. Assuming all items produced are sold, find a) A function for cost b) A function for revenue c) A function for profit d) Draw a nice graph of the situation (correct labels and titles). Note you can do this on paper or excel e) Find the number of items you must produce and sell to break even

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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To manufacture a new product a company estimate that fixed costs are $425000 per month with a cost of $4.75 per each unit produced. In addition the company plans to sell the items for $9.75 each. Assuming all items produced are sold, find

a) A function for cost

b) A function for revenue

c) A function for profit

d) Draw a nice graph of the situation (correct labels and titles). Note you can do this on paper or excel

e) Find the number of items you must produce and sell to break even

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