Project 1.17 Modeling a Business181 engineer employed by a company that manufact
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Question
Project 1.17 Modeling a Business181 engineer employed by a company that manufactures solar collector pan- competitive, the company mast consider many variables and make many deci- You are an electrical Project 1.17 Modeling a Business Objectives I. Solve a systm of row major concerns are those variables and decisions that affect operating expenses for costs) of making the product and those that affect the gross income (or revenue) from compamy are called fised constant over a short period of time and must be paid sions. Two selling the prodoct Costs such as rent, uti costs. These costs geeerally remain whether or not any items are manafactured. surance, and utilities for the operation of the r costs, such as materials and labor, are averaged ioe rule for the total cost, C(n), of producing n solar of items linear eqeations by any called variable costs These expenses depend directly on the number ·The records of the company show that fixed costs over the past year have 2. Determine the break- 58000 per month. In addition, each panel manufactured costs the company even point of a linear system algebraically and graphically rials and S55 in labor: Write a functi collector panels in one month 3. Interpret break-even 2. A marketing survey indicates that the company can sell all the panels it produces if the points in contextual punels are priced at $350 each. The revenue (gross income) is the amount of money col- lected from the sale of the product. Write a function rule for the revenue. R(n),from selling n solar collector panels in one moath. 3. a. Complete the following table n, Number of CIn) Total Cost (S) Rin). Total Revenue (S) 0 10 20 30 40 50 60 b. Sketch a graph of the cost and revenue functions using the same set of coordinate axes. 4. The point at which the cost and revenue functions are equal is called the break-even point. pist on thegnph b. What system of equations must be solved to determine the break-even point for your company?Explanation / Answer
Dear Sudent Thank you for using Chegg !! Given Fixed Cost = 8000 $ / month Material Cost for each panel = 95 $ Labor Cost for each panel = 55 $ Total Cost for producing panel in one month C (n) = 8000 + 150 n where n is no of panels produced in a month Solution Kindly note that as per chegg policies an expert can answer maximum 1 question at a time Thank you
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