SOLUTION: Please help.
There are two parts to the problem
Part 1
The inventor of a new product believes that the cost of producing the product is given by the function
C(x) = 1.75
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-> SOLUTION: Please help.
There are two parts to the problem
Part 1
The inventor of a new product believes that the cost of producing the product is given by the function
C(x) = 1.75
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Question 113532: Please help.
There are two parts to the problem
Part 1
The inventor of a new product believes that the cost of producing the product is given by the function
C(x) = 1.75x + 7000
How much does it cost to produce 2000 units of her invention?
Part 2
If the inventor charges $4 per unit, then her profit for producing and selling x units is given by the function P(x) = 2.25x - 7000
(a) What is her profit if she sells 2000 units?
(b) What is her profit if she sells 5000 units?
(c) What is the break-even point for sales?
I worked out the problem and came up with the following answers but need to verify if I am correct.
(a) $-2500
(b) $4250
(c) 3111 units
Thank you
JMS Answer by josmiceli(19441) (Show Source):
