The total revenue for this manufacturing company for producing and selling 64 jet skis at $250 each is <u>$16,000</u>.
<h3>What is the total revenue?</h3>
The total revenue is obtained by multiplying the units sold by the selling price.
The total revenue formula is the number of Units Sold X Selling Price Per Unit.
<h3>Data and Calculations:</h3>
Cost function C(x) = 400x + √x - 200
Where x = the number of Jet Skis produced
x = 64
Selling price per jet = $250
The total revenue for producing and selling 64 jets = <u>$16,000</u> ($250 x 64).
Thus, the total revenue for producing and selling 64 jets is <u>$16,000</u>.
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<h3>Completion Question:</h3>
A company manufactures and sells Jet Skis. The cost function was determined to be C(x) = 400x + √x - 200, where x is the number of Jet Skis produced.
What is the total revenue for producing and selling 64 Jet Skis if each Jet Ski is sold for $250?
