You have $1,500 to spend over a five month semester to cover your living expenses. In the first month, you spend $150 at restaur
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Answer:
If the company produce and sell 'x' no. of thing-a-ma-bob , then
C(x) = $ (8809 + 2.05x)
R(x) = $ 4.92x
To make a profit the company must produce and sell at least 3070 thing-a-ma-bobs.
Step-by-step explanation:
If the company produces and sells "x" no. of thing-a-ma-bob, then,
the cost function is given by,
C(x) = $ (8809 + 2.05x) ------------------------(1)
The revenue function is given by,
R(x) = $ 4.92x -------------------------------------(2)
If C(x) = R(x), then,
4.92x = 8809 + 2.05x
⇒ 2.87x = 8809
⇒ x =
⇒ x 3069.34
So, to make a profit the company must produce and sell at least 3070 thing-a-ma-bobs.