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

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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.

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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.
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