Suppose a ceiling fan manufacturer has the total cost function C(x) = 35x + 480 and...
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 fans must be sold to avoid losing money?
Homework Answers
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Suppose a ceiling fan manufacturer has the total cost function
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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 duri...
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...
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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...
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