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Mortimore's Candy kitchen is undergoing a business review. The Mathematical Analysts have determined that the Fixed Costs are $2000 per month. The median Variable Cost
- Mortimore's Candy kitchen is undergoing a business review. The Mathematical Analysts have determined that the Fixed Costs are $2000 per month. The median Variable Cost for the goods in the store are $0.80 and the Median price of a product in the store is $1.80.
- Write the Cost Function
- Write the Revenue Function
- Write the Profit Function
- Using Goal seek determine:
- What is the Break Even amount of candies manufactured and sold?
- How many candies need to be sold to make $1000 profit?
- How many candies give a revenue of $3000?
- How many candies require a total cost of $4000?
- How many candies will result in a loss of $1000?
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