21. Kick Back is producing a new hammock. For the first year, its fixed costs for setting up production are $40,000. The variable costs of producing each hammock are $25. Each hammock will sell for $70. For Kick Back's first year, find the following for production of x hammocks. a. its profit function (Profit is the difference of revenue received and costs incurred.) b. its break-even production level (Break-even level occurs when costs equal revenue.) c. its net profit from the production of 300 hammocks
21. Kick Back is producing a new hammock. For the first year, its fixed costs for setting up production are $40,000. The variable costs of producing each hammock are $25. Each hammock will sell for $70. For Kick Back's first year, find the following for production of x hammocks. a. its profit function (Profit is the difference of revenue received and costs incurred.) b. its break-even production level (Break-even level occurs when costs equal revenue.) c. its net profit from the production of 300 hammocks
Transcribed Image Text:21. Kick Back is producing a new hammock. For the first year, its fixed costs for setting up production
are $40,000. The variable costs of producing each hammock are $25. Each hammock will sell for $70.
For Kick Back's first year, find the following for production of x hammocks.
a. its profit function (Profit is the difference of revenue received and costs incurred.)
b. its break-even production level (Break-even level occurs when costs equal revenue.)
c. its net profit from the production of 300 hammocks
22. A soccer ball is kicked from the ground at a 45° angle with an initial velocity of 40 feet per second.
The height of the ball above the ground is given by = -0.0128x2 + x, where x is the horizontal distance (in
feet) the ball travels. Round your answers to parts a, b, and c to the nearer thousandth.
a. Find the height of the ball when its horizontal distance from the point at which it was kicked is nine
feet.
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