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Company X makes several types of widgets. The fixed cost of one type of widget is$2,400. Materials and labor for this same type of widget
Company X makes several types of widgets. The fixed cost of one type of widget is$2,400. Materials and labor for this same type of widget are $350. This type of widget sells for $400 each. Answer the following questions below.
(a) Find the cost function.
(b) Find the revenue function.
(c) Find the profit function and simplify it.
(d) Find how many types of that widget must be sold to break even.
(e) Find the cost and revenue if they make 40 units of that type of widget.
(Show Work Please :) )
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