A manufacturer produces a product at a cost of $22.80 per unit. The manufacturer has a fixed cost of $400 per day. Each unit retails for $37.00. Let x represent the number of units produced.
Determine the total Cost (C) to produce the product.
Determine the total Revenue (R) produced from the product.
Determine the total Profit (P) from the product. Hint... Profit = Revenue - Cost
Answer
C(x) = 22.80x + 400
R(x) = 37.00x
P(x) = 14.20x - 400
C(x) = 22.80
R(x) = 37.00 - 400
P(x) = 59.80x + 400
Question 5
Question
A manufacturer produces a product at a cost of $22.80 per unit. The manufacturer has a fixed cost of $400 per day. Each unit retails for $37.00. Let x represent the number of units produced.
Determine the total Cost (C) to produce the product.
Determine the total Revenue (R) produced from the product.
Determine the total Profit (P) from the product. Hint... Profit = Revenue - Cost