The linear cost function representing the cost C ( x ) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $ 250 for an excursion. His fixed monthly expenses are $ 1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $ 100 per excursion to cover gasoline, bait, and other equipment.

Question

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Answer 1

Question

Chapter 5, Problem 12RE

(a)

To determine

To calculate: The linear cost function representing the cost C(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

(b)

To determine

To calculate: The linear revenue function representing the revenue R(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

(c)

To determine

To calculate: The number of excursions per month for the captain to break even when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

d)

To determine

To calculate: The amount of money fishing boat captain earns or loses if 18 excursions are run in a given month, when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

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Answer 2

Question

Chapter 5, Problem 12RE

(a)

To determine

To calculate: The linear cost function representing the cost C(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

(b)

To determine

To calculate: The linear revenue function representing the revenue R(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

(c)

To determine

To calculate: The number of excursions per month for the captain to break even when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

d)

To determine

To calculate: The amount of money fishing boat captain earns or loses if 18 excursions are run in a given month, when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

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Answer 3

Question

Chapter 5, Problem 12RE

(a)

To determine

To calculate: The linear cost function representing the cost C(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

(b)

To determine

To calculate: The linear revenue function representing the revenue R(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

(c)

To determine

To calculate: The number of excursions per month for the captain to break even when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

d)

To determine

To calculate: The amount of money fishing boat captain earns or loses if 18 excursions are run in a given month, when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

Expert Solution & Answer

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Answer 4

Question

Chapter 5, Problem 12RE

(a)

To determine

To calculate: The linear cost function representing the cost C(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

(b)

To determine

To calculate: The linear revenue function representing the revenue R(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

(c)

To determine

To calculate: The number of excursions per month for the captain to break even when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

d)

To determine

To calculate: The amount of money fishing boat captain earns or loses if 18 excursions are run in a given month, when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

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Answer 5

Chapter 5, Problem 12RE

(a)

To determine

To calculate: The linear cost function representing the cost C(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

(b)

To determine

To calculate: The linear revenue function representing the revenue R(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

(c)

To determine

To calculate: The number of excursions per month for the captain to break even when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

d)

To determine

To calculate: The amount of money fishing boat captain earns or loses if 18 excursions are run in a given month, when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

Answer 6

Chapter 5, Problem 12RE

(a)

To determine

To calculate: The linear cost function representing the cost C(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

Answer 7

Chapter 5, Problem 12RE

(a)

To determine

To calculate: The linear cost function representing the cost C(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

Answer 8

(b)

To determine

To calculate: The linear revenue function representing the revenue R(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

Answer 9

(b)

To determine

To calculate: The linear revenue function representing the revenue R(x) (in$) for the fishing boat captain to run x excursions per month when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

Answer 10

(c)

To determine

To calculate: The number of excursions per month for the captain to break even when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

Answer 11

(c)

To determine

To calculate: The number of excursions per month for the captain to break even when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

Answer 12

d)

To determine

To calculate: The amount of money fishing boat captain earns or loses if 18 excursions are run in a given month, when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

Answer 13

d)

To determine

To calculate: The amount of money fishing boat captain earns or loses if 18 excursions are run in a given month, when a fishing boat captain charges $250 for an excursion. His fixed monthly expenses are $1200 for insurance, rent for the dock, and minor office expenses. He also has variable costs of $100 per excursion to cover gasoline, bait, and other equipment.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Solution Summary: The author calculates the linear cost function representing the cost C(x) (in) for the fishing boat captain to run x excursions per month.

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