Answer:
1. C(n) = 2.25n + 120
2. R(n) = 3.51n
3. P(n) = 1.26n - 120
1. 96 frozen bananas must be sold in order to make a positive profit.
2. In order to make a profit, I have to sell a minimum of <u>96 frozen bananas</u>.
Step-by-step explanation:
1. Write a function, C(n), to represent your total costs for the week if you sell n frozen bananas.
Total cost is the addition of total variable cost and total fixed cost. Therefore, the function is as follows:
C(n) = 2.25n + 120
Where 2.25n is the total variable cost while 120 is the total fixed cost.
2. Write a function, R(n), to represent the revenue from the sale of n frozen bananas during the week.
Revenue is equal to selling price per unit multiplied by the number of units sold. Therefore, the function is as follows:
R(n) = 3.51 * n
R(n) = 3.51n
Where 3.51 is the selling price per unit while n the number of units sold.
3. Write a function, P(n), that represents the profits for selling n frozen bananas in a given week.
Profit is equal to total revenue minus total cost. Therefore, the function can be derived as follows:
P(n) = R(n) - C(n)
P(n) = 3.51n - 2.25n + 120
P(n) = 1.26n - 120
1. How many frozen bananas must you sell in order to make a positive profit? Write your answer as a whole number.
This can be obtained by equating the profit function to zero and solve for n as follows:
P(n) = 0 => 1.26n - 120 = 0
Therefore, we have:
1.26n = 120
n = 120 / 1.26
n = 95.2380952380952 frozen bananas
Writing it as a whole number, we have:
n = 95 frozen bananas
However, using this whole number will result in a negative profit by substituting it into the profit function as follows:
P(n) = (1.26 * 95) - 120 = -$0.30
Therefore, n has to be increased by one to 96 which is also a whole number to have a positive profit as follows:
P(n) = (1.26 * 96) - 120 = $0.96
Therefore, 96 frozen bananas must be sold in order to make a positive profit.
2. Complete the following sentence to explain the meaning of #1:
In order to make a profit, I have to sell a minimum of <u>96 frozen bananas</u>.
