Ask Question
10 July, 06:24

jeremy and justine work for a company that receives $45 for each unit of output sold. the company has a variable cost of $25 per item and a fixed cost of $1600. determine a function that models the profit for the company based upon the conditions for revenue and expense

+2
Answers (1)
  1. 10 July, 07:34
    0
    P (x) = 20x - 1600.

    Step-by-step explanation:

    The revenue of the company is obtained by selling each unit of output for $45.

    So. for x units of output sold the revenue will be given by

    R (x) = 45x ... (1)

    Again, the company has the expense of fixed $1600 and another expense of $25 per output of items.

    Hence, for x items the cost will be given by

    C (x) = 1600 + 25x

    Therefore, the function that models the profit of the company based upon the conditions for revenue and cost will be P (x) = R (x) - C (x)

    ⇒ P (x) = 45x - (1600 + 25x) = 20x - 1600. (Answer)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “jeremy and justine work for a company that receives $45 for each unit of output sold. the company has a variable cost of $25 per item and a ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers