SOLUTION: A company that makes thing-a-ma-bobs has a start up cost of $ 3094. It costs the company $ 3.19 to make each thing-a-ma-bob. The company charges $ 4.44 for each thing-a-ma-bob. Let

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A company that makes thing-a-ma-bobs has a start up cost of $ 3094. It costs the company $ 3.19 to make each thing-a-ma-bob. The company charges $ 4.44 for each thing-a-ma-bob. Let      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 763856: A company that makes thing-a-ma-bobs has a start up cost of $ 3094. It costs the company $ 3.19 to make each thing-a-ma-bob. The company charges $ 4.44 for each thing-a-ma-bob. Let denote the number of thing-a-ma-bobs produced.
Write the cost function for this company.
Write the revenue function for this company.
What is the minumum number of thing-a-ma-bobs that the company must produce and sell to make a profit?

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+C+=+3094+%2B+3.19n+
+R+=+4.44n+
+P+=+R+-+C+
+P+=+4.44n+-+%28+3094+%2B+3.19n+%29+
Set the profit = +0+ to find where +R+=+C+
Then the company must +n+%2B+1+ thing-a-ma-bobs
+4.44n+-+%28+3094+%2B+3.19n+%29+=+0+
+4.44n+-+3.19n+=+3094+
+1.25n+=+3094+
+n+=+2475.2+
To make a profit, they must sell 2476 thing-a-ma-bobs