help! Please show me you work so I can understand. thank you so much Assume that
ID: 1220440 • Letter: H
Question
help! Please show me you work so I can understand. thank you so much
Assume that the total cost when 30 phones are made is $460 and the total cost when 35 phones are made is $510. The phones are sold for $12 each. What is the marginal cost of production? Find a linear cost equation that will represent the total cost of making x phones. What is the fixed cost? How much profit will be made if 38 phones are made and sold? Find the break-even point. Graph the feasible set for the following system of inequalities: {5x - 4y lessthanorequalto 88 3x + 2y lessthanorequalto 88 x Greaterthanorequalto 0 y Greaterthanorequalto 0 Find the coordinates of the comer points of the feasible set. Find the values of x and y that maximize the objective function C = 5x - 6y for this feasible set.Explanation / Answer
TC=FC+VC(orMC)
460=FC+30VC
510=FC+35VC
Subtracting the two
-50=-5VC
A). VC or MC=10
C). FC=460-300=160
B). TC(Q)=160+10Q=FC+VC
D). For 38 Phones TC=160+10x38=160+380=$540
Profit Will be TR-TC=$12x38-$540=$456-$540=-$84
E). Breakeven=TR-TC=0
12 x (Q)-160-10Q=0
12Q-10Q=160
2Q=160
Q=80
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