Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company makes pens. They sell each pen for $11. Their revenue is represented by R = 11 x. The cost to make the pens

image text in transcribed
A company makes pens. They sell each pen for $11. Their revenue is represented by R = 11 x. The cost to make the pens is $3 each with a one time start up cost of $6500. Their cost is represented by C = 3 x + 6500. a) Find the profit, P, (P = R - C) when the company sells 1000 pens. O -3500 (9 17500 O 1500 0 -11000 0 11000

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

Step: 3

blur-text-image

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

Transportation A Global Supply Chain Perspective

Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard

8th edition

9781305445352, 1133592961, 130544535X, 978-1133592969

More Books

Students also viewed these Mathematics questions