{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Hw2 - Math 1313 Homework 2 Section 1.4 Use the following...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Math 1313 Homework 2 Section 1.4 1 Use the following problem to answer questions 1 – 5 The cost for producing a certain product is $65 each. The fixed costs are $120,000. The selling price for each product is $90. 1. What is the cost function? a. C(x) = 65x – 120,000 b. C(x) = 65x c. C(x) = 90x + 120,000 d. C(x) = 90x – 120,000 e. C(x) = 65x + 120,000 f. None of the above. 2. What is the profit function? a. P(x) = 90x – 120,000 b. P(x) = 25x – 120,000 c. P(x) = 65x + 120,000 d. P(x) = 25x + 120,000 e. P(x) = 90x + 120,000 f. None of the above. . 3. What is the break-even quantity? a. 1,333 b. 4,800 c. 1,846 d. 5,000 e. 3,500 f. None of the above 4. What is the break-even revenue? a. $312,000 b. $86,667 c. $432,000 d. $119,970 e. $450,000 f. None of the above 5. What is the break-even point? a. (4,800, 0) b. (4,800, 432,000) c. (1,846, 0) d. (1,333, 0) e. (1,333, 86,667) f. None of the above.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Math 1313 Homework 2 Section 1.4 2 Use the following problem to answer questions 6 and 7. A company manufactures treadmills. The cost for producing each treadmill is $171. The fixed costs are $324,000. The selling price for each treadmill is $651.
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern