Suppose a company has fixed costs of $36,000 and variable cost per unit of +222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1,452x dollars per unit. (a) Form the cost function and revenue function (in dollars). C(x) = R(x) = Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the vertex of the revenue function. (x, y) = Identify the maximum revenue. (c) Form the profit function from the cost and revenue functions (in dollars). P(x) = Find the vertex of the profit function. (x, y) = Identify the maximum profit. $
Suppose a company has fixed costs of $36,000 and variable cost per unit of +222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1,452x dollars per unit. (a) Form the cost function and revenue function (in dollars). C(x) = R(x) = Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the vertex of the revenue function. (x, y) = Identify the maximum revenue. (c) Form the profit function from the cost and revenue functions (in dollars). P(x) = Find the vertex of the profit function. (x, y) = Identify the maximum profit. $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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