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Question 1 > 9 A company produces very unusual CD's for which the variable cost is $ 13 per CD and the fixed costs are $ 35,000. They will sell the CD's for $ 89 each. Let x be the number of CD's produced. a. Write the total cost TC as a function of the number of CD's produced. TC = $ b. Write the total revenue TR as a function of the number of CD's produced. TR = $ c. Write the total net income NI as a function of the number of CD's produced. NI = $ d. Find the number of CD's which must be produced to breakeven. The number of CD's which must be produced to breakeven is Round UP to the nearest number of CDs. Question 2 - Cost, Revenue, Profit You decide to begin selling ice cream cones at the local carnival. Your cost for each ice cream cone is $3.57 plus you have to pay a fixed weekly fee of $190 for the booth. Your plan is to sell each ice cream cone for $4.95. 1. Write an expression to represent your total costs for the week if you sell n ice cream cones. Total Costs: 2. Write an expression to represent the revenue from the sale of n ice cream cones during the week. Revenue: 3. Write an expression that represents the profit for selling n ice cream cones in a given week. Profit: How many ice cream cones must you sell in order to make a positive profit? In order to make a positive profit, you would have to sell Select an answer ice cream cones. Question 3 Suppose a widget manufacturer has the total cost function TC revenue function TR 44x. 1760 + 39x and the total The number of widgets that the manufacturer must sell to breakeven is Submit Question Question 4 > A junk yard pulls parts off of wrecked vehicles and sells them to a wholesaler. If its total revenue function is TR 22x and the total cost function is TC = 156 + 16x. The number of parts that the junk yard must sell to breakeven is parts. Submit Question Question 5 The total cost formula for a company can be modeled by TC 6700 + 35x where x represents the number of items sold. A formula for the company's total income is modeled with TR = 552, where z represents the number of items sold. This company will breakeven when its total costs equal its total income. How many items must this company sell to breakeven? Answer: Question 6 > The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 8000 + 7000 6000 5000 4000 Dollars (S) 3000 2000 1000 20 -10 10 20 30 50 60 70 80 90 100 40 Units -1000+ If the selling price per unit is $50, and the variable cost per unit is $30: (a) What is the break-even point? enter the answer in the form (x,y) e.g. (295,7650) (b) What are the fixed costs? $ (c) If the maximum production capacity of the commodity is 90, express the break-even units as a percent of capacity? Percent of capacity = % (round to two decimal places if necessary) (d) Which line colour is the Fixed Cost Line? Select an answer v Submit Question Question 7 The cost to print a jacket for a conference is $40 for the printing setup fee and $10 per jacket. You plan to sell them for $15 each. A) Write an equation for the total cost and total revenue if you produce and sell & jackets. Total Cost Total Revenue B) Graph the two lines 250 + 240 230 220 210 200 190 180 170 160 150 140 130 X 180 170 160 150 140 130 720 110 100 90 80 70 60 50 40 30 20 10 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Clear All Draw: C) The break-even point is at: jackets and dollars. Question 8 A company sells one of its products for $11.90 per unit. Its fixed costs are $920.00 per month, and the variable cost per unit is $2.70. (a) The contribution margin per unit is $ (rounded to the nearest cent). (b) The break-even volume, i.e., the level of output at break-even, is units per month. (c) The profit at a monthly output level of 172 units is $ (rounded to the nearest cent). Submit