QUESTION #10 Triangle Ice Company sells 10-lb bags of ice to retailers for $1.10 per bag. The production cost per bag (including delivery to the retailer) is $0.80 and the weekly fixed costs are $8400. a. Determine the revenue R from selling x bags of ice in a week. b. Determine the cost C of producing and delivering x bags per week. c. Determine the profit P from selling and delivering x bag in a week. d. Determine the break-even point. e. Graph R and C together and label the break-even point. f. Graph P and label its x-intercept. g. Comment on the relationship between the break-even point and the x-intercept.
QUESTION #10 Triangle Ice Company sells 10-lb bags of ice to retailers for $1.10 per bag. The production cost per bag (including delivery to the retailer) is $0.80 and the weekly fixed costs are $8400. a. Determine the revenue R from selling x bags of ice in a week. b. Determine the cost C of producing and delivering x bags per week. c. Determine the profit P from selling and delivering x bag in a week. d. Determine the break-even point. e. Graph R and C together and label the break-even point. f. Graph P and label its x-intercept. g. Comment on the relationship between the break-even point and the x-intercept.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter12: Quadratic Functions
Section12.8: Joint And Combined Variation
Problem 11P
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Provide details/explanations of your solutions,indicate any formulas you are using and clearly show your work.
Do not need the answers for a,b,c
Transcribed Image Text:QUESTION #10 Triangle Ice Company sells 10-lb bags of ice to retailers for
$1.10 per bag. The production cost per bag (including delivery to the
retailer) is $0.80 and the weekly fixed costs are $8400.
a. Determine the revenue R from selling x bags of ice in a week.
b. Determine the cost C of producing and delivering x bags per week.
c. Determine the profit P from selling and delivering x bag in a week.
d. Determine the break-even point.
e. Graph R and C together and label the break-even point.
f. Graph P and label its x-intercept.
g. Comment on the relationship between the break-even point and the
x-intercept.
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