Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The cost and revenue function in dollar terms for a fast-food joint is given as follows: C(x) = 200x + 200 x + 4 and

image text in transcribed

The cost and revenue function in dollar terms for a fast-food joint is given as follows: C(x) = 200x + 200 x + 4 and R(x) = 50x If x is measured in hundreds of units, what is the break-even point for this fast food joint? Elijah Mohammed is the sole proprietor of KitKat Enterprise that produces and sells T-shirts. His weekly profit in hundreds of dollars is given by the function R(t) = -2t^2 + 120t - 240 where t is the number of T-shirts sold in 100s. a. Find the number of T-shirts sales that will lead to maximum revenue. b. Find the maximum revenue. c. Briefly explain why it is possible for him to make lesser profit if he sells more than the number of t-shirts arrived at as answer to sub-question (a) immediately above

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_2

Step: 3

blur-text-image_3

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

Inside Company Valuation

Authors: Angelo Corelli

1st Edition

3319537822, 9783319537825

More Books

Students also viewed these Finance questions

Question

Name and describe two types of flow in water (Fig. 9.3).

Answered: 1 week ago