A company has production costs of $15 per item and can produce 270 items for a total cost of $6,925. The company brings in a total of $3,995 in revenue from selling 85 of these items. Determine each of the following functions. Enter all answers below in slope-intercept form, using exact numbers. a. Find the company's linear revenue function. R(x) = b. Find the company's linear profit function. P(x) =

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question
4GE
10:01
A company has production costs of
item and can produce 270
$15
per
items for a total cost of $6,925. The
company brings in a total of $3,995
in revenue from selling 85 of these
items.
Determine each of the following
functions. Enter all answers below in
slope-intercept form, using exact
numbers.
a. Find the company's linear
revenue function.
R(x)
b. Find the company's linear
profit function.
P(x)
Submit answer
Transcribed Image Text:4GE 10:01 A company has production costs of item and can produce 270 $15 per items for a total cost of $6,925. The company brings in a total of $3,995 in revenue from selling 85 of these items. Determine each of the following functions. Enter all answers below in slope-intercept form, using exact numbers. a. Find the company's linear revenue function. R(x) b. Find the company's linear profit function. P(x) Submit answer
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.