document.write( "Question 158542: a financial advisor has conducted some research and has advised a company that the cost of producing their new transistor radio c, can be modeled by the equation c=18.96x+5275, where x is the number of radios produced. The advisor has also conducted research to determine that the best selling price of the radio is $29.99. As a result, the best model for the company's revenue R is the equation R=29.99x, where x is the number of radios sold.\r
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document.write( "The company executives have decided that they are willing to invest $10,000 in the new product. If this money is to be used for the costs of the radios, how many radios should the company be able to produce?\r
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document.write( "If the company produces the maximum number of radios with their $10,000 investment and all the radios are sold, how much revenue will the company generate from the new product? \n" );
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Algebra.Com's Answer #116805 by gonzo(654) ![]() You can put this solution on YOUR website! based on the numbers you provided, this is the solution. \n" ); document.write( "cost of building radios is $5275.00 + ($18.96)*x where x is the number of radios produced. \n" ); document.write( "Investment is $10,000 to produce maximum number of radios. \n" ); document.write( "maximum number of radios that can be produced for $10,000 is determined by the formula below: \n" ); document.write( " \n" ); document.write( "solving for x, we get \n" ); document.write( " \n" ); document.write( "this becomes \n" ); document.write( " \n" ); document.write( "this becomes \n" ); document.write( " \n" ); document.write( "to check the numbers, we take 5275 + 249*18.96 = 5275 + 4721.04 = total cost of $9996.04 which leaves $3.96 left over. \n" ); document.write( "revenue from these 249 radio will be $29.99 * 249 = $7,467.51. \n" ); document.write( "based on the numbers given, revenue generated will be less than the cost to produce the radios. \n" ); document.write( " |