Use the following problem to answer questions 6 – 8.
Your company sells phone chargers.
The fixed costs for your company are $50,500.
$2.48 to produce each phone cover and each sells for $14.65.
What are the cost, revenue and profit functions?
Compute the profit (loss) corresponding to production levels of 5,500 chargers.
How many chargers must be produced and sold if you wish to make a profit of $45,389?
Round to the nearest whole number.
Use the following problem to answer questions 9 and 10.
The cost function for a company is C(x) = 27x + 320,000.
Each unit sells for $84.
What is the profit function?
P(x) = -57x + 320,000
P(x) = 57x – 320,000
P(x) = 84x – 320,000
P(x) = 84x + 320,000
P(x) = 57x
None of the above.
How many units must they produce and sell to make a profit of $136,000?