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Unformatted text preview: your money in 11 years? Assume that interest is compounded continuously. Give at least 3 decimal places in your answer ) 11 ( 2 k e = Solve for k 6.301% 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 q q R 45 ) ( = Write the total cost function q q C 50 . 21 3000 ) ( + = Write and simplify the profit function 3000 50 . 23 ) ( − = q q π What is the break-even point for the company? 128 clocks...
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This note was uploaded on 10/23/2011 for the course MATH-M 119 taught by Professor Rainey during the Spring '10 term at IUPUI.
- Spring '10