College Algebra (6th Edition)

Published by Pearson
ISBN 10: 0-32178-228-3
ISBN 13: 978-0-32178-228-1

Chapter 5 - Mid-Chapter Check Point - Page 562: 17

Answer

a. $C(x)=400,000 +20x$, b. $R(x)=100x$ c. $P(x)=80x-400,000$ d. $x=5000$

Work Step by Step

The function cost is the fixed cost plus the cost of producing each item times the number of items produced. the revenue function is the number of items sold times the price the items sold for. Profit function is the revenue function minus the cost function. The break even point is the point in which the revenues equals the cost. Therefore, the profit is $0$ at that point. a. $C(x)=400,000 +20x$, b. $R(x)=100x$ c. $P(x)=R(x)-C(x)$, $P(x)=100x-400,000 -20x$, $P(x)=80x-400,000$ d. $0=80x-400,000$, $400,000=80x$, $x=5000$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.