Question
Suppose a company has fixed costs of $48,000 and variable cost per unit of 1 3 x + 444 dollars, where x is the total
Suppose a company has fixed costs of $48,000 and variable cost per unit of
1 |
3 |
x + 444 dollars,
where x is the total number of units produced. Suppose further that the selling price of its product is
2074
2 |
3 |
x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.) x =
(b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function P(x) from the cost and revenue functions. P(x) =
Find maximum profit. $ (d) What price will maximize the profit? (Round your answer to the nearest cent.) $
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