Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A shoes manufacturer has determined that the production cost for each pair of shoes is $ 1 5 and the fixed cost is $ 3
A shoes manufacturer has determined that the production cost for each pair of shoes is $ and the fixed cost is $ Each pair of shoes sells for $
a Write the Total Cost function C
b Write the Total Revenue function
c Find the number of pair of shoes and their price that should be sold to BreakEven.
d Draw the graph of the Cost and Revenue functions.
e Find the ProfitLoss if pair of shoes are sold.
f How many pair of shoes should be sold to gain a profit of $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started