Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The company Shirts Galore has figured its total cost of producing and selling x units of T-shirts per month is given by the equation

   

The company Shirts Galore has figured its total cost of producing and selling x units of T-shirts per month is given by the equation C(x) = 120 + 2.5x - 0.0002x. a. Write a rational function to represent the average cost of producing and selling a shirt. [A1] b. If the production level is 1200 shirts per month, find the average cost of producing and selling a shirt. [A1] c. If the shirts are sold for $7.98 a shirt, what is the profit realized on producing and selling 1200 shirts per month? [A1] d. What price must be charged when selling the shirts for a profit of $7368 to be made on 1200 shirts in one month? [A1]

Step by Step Solution

3.52 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

a To find the average cost of producing and selling a shirt we divide the total cost Cx by the numbe... 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

Management Accounting

Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen

6th Edition

0077185536, 978-0077185534

More Books

Students also viewed these Mathematics questions

Question

How can we define tectonic stress?

Answered: 1 week ago

Question

What is the difference between a prospector and a defender company?

Answered: 1 week ago