Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer both questions. Thank you. The revenue function R(x) and the cost function Cix) for a particular product are given. These functions are valid

image text in transcribed
Please answer both questions. Thank you.
The revenue function R(x) and the cost function Cix) for a particular product are given. These functions are valid only for the specified range of values. Find the number of units that must be produced to break even R(X) = 200x - 2x?: C/X) = -x + 60x + 3875; 0 5x5 100 The manufacturer must produce units to break even Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Answer Previous Nex A charter flight charges a fare of $300 per person plus $25 per person for each unsold seat on the plane. If the plane holds 100 passengers and if x represents the number of unsold seats, find the following A. An expression for the total revenue received for the flight. (Hint: Multiply the number of people flying, 100 - X, by the price per ticket) B. The number of unsold seats that will produce the maximum revenue. C. The maximum revenue. A. The total revenue R(x) received for the flight is expressed by O A. R(x) = 25x2 - 2200x + 30,000 OC. RX)= -252 +2200x + 30,000 OB R(x) = -25x2 + 2200-30,000 OD. R(x) = 25x? . 2200x +30,000 Click to select your answer and then click Check Answer 2 parts Clear All Check Answer remaining Previous Next

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

Futures Trading Demystified

Authors: Arvind Rajpurohit

1st Edition

979-8859974344

More Books

Students also viewed these Finance questions