Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Suppose a company has fixed costs of $53,200 and variable cost per unit of
x + 222 dollars, where x is the total number of units
3.
produced. Suppose further that th selling price of its product is 2150
X-
x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
ed m
(b) Find the maximum revenue. (Round your answer to the nearest cent.)
$
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =
%3D
Find maximum profit.
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
%24
%24
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Transcribed Image Text:Suppose a company has fixed costs of $53,200 and variable cost per unit of x + 222 dollars, where x is the total number of units 3. produced. Suppose further that th selling price of its product is 2150 X- x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) ed m (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function P(x) from the cost and revenue functions. P(x) = %3D Find maximum profit. (d) What price will maximize the profit? (Round your answer to the nearest cent.) %24 %24
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