# 5 find the machines value in the year 2014 a 251000 b

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5. Find the machine’s value in the year 2014. a. \$251,000 b. \$305,500 c. \$329,000 d. \$274,500 e. \$384,000 f. None of the above.
Math 1313 Homework 1 Section 1.5(1 st Half) Use the following problem to answer questions 6 – 8. Your company sells phone chargers. The fixed costs for your company are \$50,500. It costs \$2.48 to produce each phone cover and each sells for \$14.65. 6. What are the cost, revenue and profit functions?
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7. Compute the profit (loss) corresponding to production levels of 5,500 chargers.
8. 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. 9. What is the profit function? a. P(x) = -57x + 320,000 b. P(x) = 57x – 320,000 c. P(x) = 84x – 320,000 d. P(x) = 84x + 320,000 e. P(x) = 57x f. None of the above.
10. How many units must they produce and sell to make a profit of \$136,000?