Concept explainers
Refer to Example 1. Renewable Designs is also planning to make a new table. Fixed costs will be $70,000, and it will cost $250 to produce each table. Each table sells for $600.
a. Find the total cost
of producing x tables.
b. Find the total revenue
from the sale of x tables.
c. Find the total profit
d. What profit will the company realize from the production and sale of 500 tables?
e. Determine the break-even point.
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