Chapter 8, Problem 21T

Kick Back, Inc., is producing a new hammock. For the first year, the fixed costs for setting up production are $44,000. The variable costs for producing each hammock are $25. The revenue from each hammock is $80. Find the following.

a. The total cost $C\left(x\right)$ of producing x hammocks

b. The total revenue $R\left(x\right)$ from the sale of x hammocks

c. The total profit $P\left(x\right)$ from the production and sale of x hammocks

d. The profit or loss from the production and sale of 300 hammocks; of 900 hammocks

e. The break-even point