Chapter 8, Problem 39RE

Danae is beginning to produce organic honey. For the first year, the fixed costs for setting up production are $54,000. The variable costs for producing each pint of honey are $4.75. The revenue from each pint of honey is $9.25. Find the following. [8.8]

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

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

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

d. The profit or loss from the production and sale of 5000 pints of honey; of 15,000 pints of honey

e. The break-even point