A manufa produces a product at a cost of $27.80 per unit. The manufacturer has a...
The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced...
A manufacturer of widgets has fixed costs of $1200 per month, and the variable cost is $49 per widget (so it costs $49 to produce 1 widget). Let N be the number of widgets produced in a month. (a) Find a formula for the manufacturer's total cost C as a function of N. C(N) - 49N+1200 (b) The highest price p, in dollars, of a widget at which N widgets can be sold is given by the formula p =...
A manufacturer has a monthly fixed cost of $52,500 and a production cost of $8 for each unit produced. The product sells for $13/unit. (a) What is the cost function? C(x) (b) What is the revenue function? R(x) (c) What is the profit function? (d) Compute the profit (loss) corresponding to production levels of 8,000 and 13,000 units. P(8,000) - P(13,000)-
Problem 1: A company produces an item at a per-unit cost of $1000 and a fixed cost of $50,000. The selling price is a linear function of number of items demanded as follows: p = 15,000 - 200x, x5 80 A. Find the per-unit selling price when the demand is 30. B. Find the revenue function and find the revenue when the demand is 30. C. Find the cost function and find the cost when the demand is 30. D....
i dont have anyore info to provdie AT&T LTE е 70% 9:32 PM 을 webassign.net The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. (In this exercise, we measure all monetary values in dollars.) To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering such things as plant maintenance and insurance) as well as the cost for...
Suppose a company has fixed costs of $54,400 and variable cost per unit of 1/3x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2065 - 2/3x dollars per unit. (a) Find the break-even points. (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find maximum profit. (d) What price will maximize the profit
Suppose a company has fixed costs of $51,200 and variable cost per unit of 1 3 x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1965 − 2 3 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function...
I need help solving this math problem please provide the formula on how to solve this. A company produces very unusual CD's for which the variable cost is $ 7 per CD and the fixed costs are $ 30000. They will sell the CD's for $ 56 each. Let xx be the number of CD's produced. Write the total cost CC as a function of the number of CD's produced. C = $ _____________. Write the total revenue RR as a...
Suppose a ceiling fan manufacturer has the total cost function C(x) = 35x + 480 and the total revenue function R(x) = 47x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue. The total costs are exactly the same as the revenue. (c) How many...
Business calc 1. A stereo manufacturer finds that at a price of $500 per stereo, the demand is 625 stereos per month, while at a price of $400 per stereo, the demand is 675 stereos per month. Fixed costs are $2250 per month and total costs are $6,250 per month at a monthly output of 400 stereos Find the price-demand equation p(x), where p is the price in dollars at which x stereos can be sold. (b) Find the revenue...