Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q5 LO 1.4 1 Point LO 1.4: I can develop cost and revenue functions and can explain their role in profit and break- even analysis.

image text in transcribed
Q5 LO 1.4 1 Point LO 1.4: I can develop cost and revenue functions and can explain their role in profit and break- even analysis. The annual operating cost of Y'Sport Fimess gym is given by the following cost function, C(x) = -2x2 +725x + 24,000 dollars. where x is the number of members. The gym charges $825 per each annual membership. Compute the annual profit function for the gym. Profit Function: Enter your answer here

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

Chaos, Noise And Fractals

Authors: E Roy Pike, L A Lugiato

1st Edition

1000112101, 9781000112108

More Books

Students also viewed these Mathematics questions

Question

What are the goals?

Answered: 1 week ago

Question

Are there other relevant characteristics about your key public?

Answered: 1 week ago

Question

What information remains to be obtained?

Answered: 1 week ago