University:
Santa Ana College
Course:
MATH 150 | Calculus for Biological, Management and Social Sciences
Academic year:

2023
Views:

495

Pages:

1
Author:

behend6abs

Section R.4 Cost, Revenue, Profit, Break-even points Raggs, Ltd., a clothing firm, has fixed costs of $10,000 a year. These costs, such as rent, maintenance, and so on, must be paid no matter how much the company produces. To produce x units of a certain kind of suit, it costs $20 per suit (unit) in addition to the fixed costs. (That is, the variable costs for producing x of these suits are 20x dollars.) These costs are due to the amount produced and stem from items such as material, wages, fuel, and so on. Raggs, Ltd., sells x suits at $80 per suit. a) Find and Graph the total cost function in an appropriate window. ** b) What is the total cost of producing 100 suits? 400 suits c) Graph R(x) and C(x) using the same set of axes.** d) Find the Profit function P(x) e) Approximately how many suits need to be sold to break even? **Note: any graphs of applications should have axes labeled with appropriate units**

Math 150 Task Cost Revenue Profit

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