Help with cost, revenue, and profit analysis?


Question:
Tyler McGinnis starts up a small business manufacturing bobble-head figures of famous baseball players. His initial cost is $3300. Each figure costs $4.50 to manufacture.

A. Write a cost function C, where x represents the number of figures manufactured.

B. Find the revenue function R, if each figure in part (a) sells for $10.50.

C. Give the profit function P.

D. How many figures must be produced and sold before Tyler earns a profit.


Thanks for the help everyone

Answer:
Okay -- that's the homework problem. What is YOUR question about it? Are you totally lost as to where to begin, or is there a specific part you don't understand? What is the answer you currently have?
C = 4.5X + 3300
R = 10.5X
P = 10.5X - (4.5X + 3300) = 6X - 3300.
0=6X - 3300, X = 550 is breakeven. 551 is profit.
More Questions & Answers...
  • Security certificate problem?
  • Do I void the contract if I agree to a variation in a schedule ?
  • Help in taking multiple choice test?
  • Out of these 9 games which 4 should I get for PS3?
  • Are there any undergraduate courses in "human resource management"?
  • Want different definitions on Project Management?
  • Project information on "DISASTER MANAGEMENT"?
  • How do you get a job in Human Resources?
  • The questions and answers post by the user, for information only, AnswersRoom.com does not guarantee the right
    Copyright © 2007 AnswersRoom.com -   Terms of Use -   Contact us

    Hot Topic