Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. A company who produces fertilizer are producing special organic fertilizer for which the variable cost is $23 per bag and the xed costs are

image text in transcribed
3. A company who produces fertilizer are producing special organic fertilizer for which the variable cost is $23 per bag and the xed costs are $75. They will sell each bag for $80. Let q be the number of bags produced. (15 points) a. Find the total cost, 60;), the total revenue, R021). and the total Profit 1r(q),as a function ofthe number of bags produced, q. Use your own words to interpret each term in the context of the problem. b. How many bags must be produced and sold for the company to make profit? c. Graph the cost and revenue function using Desmos and mark the following on the graph. (Please attach your graph from Desmos here) Make sure to zoom in enough to see the point of intersection. 0 Fixed costs 0 The break-even point. - Quantities at which the company makes a profit 0 Quantities at which the company loses money

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Webassign For Applied Calculus

Authors: James Stewart

1st Edition

1337771953, 9781337771955

More Books

Students also viewed these Mathematics questions

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago