Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company makes pens. They sell each pen for 58. Their revenue is represented by R = 8 x. The cost to make the pens

image text in transcribed
image text in transcribed
A company makes pens. They sell each pen for 58. Their revenue is represented by R = 8 x. The cost to make the pens is $2 each with a one time start up cost of $5500. Their cost is represented by C = 2 x + 5500. a) Find the profit, P, (P = R - C) when the company sells 1000 pens. O-3500 O 8000 O 500 13500 O-8000 b) Find the number of pens they need to sell to break even (when R = C). O 1375 0917 O 688 O 2750 Question Help: @Video ) Message instructor

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

Non-metrisable Manifolds

Authors: David Gauld

1st Edition

9812872574, 9789812872579

More Books

Students also viewed these Mathematics questions

Question

How do the two components of this theory work together?

Answered: 1 week ago

Question

What are the major elements of an organizational structure? LO1.

Answered: 1 week ago