Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company makes pens. They sell each pen for $9. Their revenue is represented by R = 9 x. The cost to make the pens

image text in transcribed
A company makes pens. They sell each pen for $9. Their revenue is represented by R = 9 x. The cost to make the pens is $1 each with a one time start up cost of $4500. Their cost is represented by C = 1 x + 4500. a) Find the profit, P, (P = R - C) when the company sells 1000 pens. 3500 9000 O 13500 O-3500 O-9000 b) Find the number of pens they need to sell to break even (when R = C). 500 643 563 4500

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

WebAssign For A First Course In Differential Equations With Modeling Applications

Authors: Dennis G Zill

11th Edition

1337879770, 9781337879774

More Books

Students also viewed these Mathematics questions

Question

what is the 8 bits Excess - 1 2 7 binary representation of - 1 0 0

Answered: 1 week ago