Unformatted text preview: your money in 11 years? Assume that interest is compounded continuously. Give at least 3 decimal places in your answer (2 pts) ___________ % 4. A company produces clocks that sell for $45 each. Fixed costs are $3000 and variable cost per clock is $21.50. Write the revenue function (1 pt) R(q) = ____________________ Write the total cost function (1 pt) C(q) = ____________________ Write and simplify the profit function (1 pt) Π(q) = ___ _________________ What is the break-even point for the company? (1 pt) _____________...
View Full Document
- Spring '10
- total cost function, money market account