Assume that each row of the accompanying table has a linear cost function. Find (a) the cost function; (b) the revenue function; (c) the profit function; (d) the profit on 100 items. (See Example.)
Table
Fixed Cost | Marginal Cost per Item | Item Sells For |
$17,000 | $30 | $80 |
Example
A company manufactures a 42-inch plasma HDTV that sells to retailers for $550. The cost of making x of these TVs for a month is given by the cost function C(x) = 250x + 213,000.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.