A company produces very unusual CD's for which the variable cost is $20 per CD and the fixed costs are $25,000. They will sell the CD's for $70 each. Leta be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C=$ Write the total revenue R as a function of the number of CD's produced. R=$ Write the total profit P as a function of the number of CD's produced. (Profit= Revenue - Cost) P = $ Lastly, determine the number of CD's which must be produced to break even. "Breaking even" is when Revenue = Cost, or when Profit = 0. If needed, round up to the next whole CD. The number of CD's which must be produced to break even is Question Help: Video Message instructor

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
Section9.CR: Review Problem Set
Problem 24CR: An outpatient operating room charges each patient a fixed amount per surgery plus an amount per...
icon
Related questions
Question
A company produces very unusual CD's for which the variable cost is $20 per CD and the fixed costs are
$25,000. They will sell the CD's for $70 each. Let x be the number of CD's produced.
Write the total cost C as a function of the number of CD's produced.
C S
Write the total revenue R as a function of the number of CD's produced.
R=S
L
Write the total profit P as a function of the number of CD's produced.
(Profit Revenue - Cost)
P = $
Lastly, determine the number of CD's which must be produced to break even.
"Breaking even" is when Revenue = Cost, or when Profit = 0. If needed, round up to the next whole CD.
The number of CD's which must be produced to break even is
Question Help: Video Message instructor
Submit Question
Type here to search
6:
83°F
Transcribed Image Text:A company produces very unusual CD's for which the variable cost is $20 per CD and the fixed costs are $25,000. They will sell the CD's for $70 each. Let x be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C S Write the total revenue R as a function of the number of CD's produced. R=S L Write the total profit P as a function of the number of CD's produced. (Profit Revenue - Cost) P = $ Lastly, determine the number of CD's which must be produced to break even. "Breaking even" is when Revenue = Cost, or when Profit = 0. If needed, round up to the next whole CD. The number of CD's which must be produced to break even is Question Help: Video Message instructor Submit Question Type here to search 6: 83°F
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL