
Patrick B. answered 03/07/21
Math and computer tutor/teacher
total cost = 35200 + (1/3) x + 444
= 35644 + (1/3) x
sale price = 1576 - (2/3)x
Profit = 1576 - (2/3)x - (1/3)x - 35644
= -x - 34068
x = 34068
Cade S.
asked 02/11/21Suppose a company has fixed costs of $35,200 and variable cost per unit of 1/3x+444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1576-2/3x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x =
(b) Find the maximum revenue. (Round your answer to the nearest cent.)
$
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =
Find the Maximum profit in $
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
$
Patrick B. answered 03/07/21
Math and computer tutor/teacher
total cost = 35200 + (1/3) x + 444
= 35644 + (1/3) x
sale price = 1576 - (2/3)x
Profit = 1576 - (2/3)x - (1/3)x - 35644
= -x - 34068
x = 34068
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