p.50 #70 A company produces a product ofr which the variable cost is$12.30 per u

Question

p.50 #70 A company produces a product ofr which the variable cost is$12.30 per unit and the fixed costs are $98,000. The product sllsfor $17.98. Let x be the number of units produced and sold. a. the total cost for a business is the sum of he variablecost and the fixed costs. Write the otal cos C as a fnunction ofthe number of units produced. b. write the revenue R as a function of the number of unitssold. c. write the profit P as a function of the number of unitssold.(P=R-C) p.50 #70 A company produces a product ofr which the variable cost is$12.30 per unit and the fixed costs are $98,000. The product sllsfor $17.98. Let x be the number of units produced and sold. a. the total cost for a business is the sum of he variablecost and the fixed costs. Write the otal cos C as a fnunction ofthe number of units produced. b. write the revenue R as a function of the number of unitssold. c. write the profit P as a function of the number of unitssold.(P=R-C) A company produces a product ofr which the variable cost is$12.30 per unit and the fixed costs are $98,000. The product sllsfor $17.98. Let x be the number of units produced and sold. a. the total cost for a business is the sum of he variablecost and the fixed costs. Write the otal cos C as a fnunction ofthe number of units produced. b. write the revenue R as a function of the number of unitssold. c. write the profit P as a function of the number of unitssold.(P=R-C)

Explanation / Answer

Ok in this problem the fixed cost represent the cost ofproducing the product that will not change dependent on the numberof products produced, while the variable cost depends on thenumber of products and can be written as 12.3x where x is thenumber of units produced. Therefore the cost of producing a certain number of products xwould be the fixed costs plus the variable costs C = 12.3x + 98000 Revenue is the money recieved by the company for a certainnumber of products sold which is the same x as before. So revenu isequal to 17.98x R = 17.98x P as the question says is R-C

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