According to the Question,
Cost function equals 50500+2.48x
(fixed cost + variable cost).
Revenue function minus cost function equals profit.
- Profit function equals (50500 + 2.48x) / 14.65.
Profit function equals
If x is now 5500,
Profit thus equals
- 12.17 x 5000 – 5000
- = 16435.
Given that profit is 45389, this means that
- 45389 = 12.17 x 50500 (45389 + 50500) / 12.17
- equals 7879.
In order to make a profit of $45389, 7879 charges must be sold.
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Correct Question - Your Company Sells Phone Chargers. The Fixed Costs For Your Company Are $50,500. It Costs $2.48 To Produce Each Phone Charger And Each Sells For $14.65. What Are The Cost, Revenue And Profit Functions? Compute The Profit (Loss) Corresponding To Production Levels Of 5,500 Chargers. How Many Chargers Must Be Produced And Sold If You Wish To Make A Profit
What are the cost, revenue and profit functions?
Compute the profit (loss) corresponding to production levels of 5,500 chargers.
How many chargers must be produced and sold if you wish to make a profit of $45,389? Round to the nearest whole number.
