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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

  1. 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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