Ask Question
31 January, 16:07

jeremy and justine work for a company that receives $45 for each unit of output sold. the company has a variable cost of $25 per item and a fixed cost of $1600. determine a function that models the profit for the company based upon the conditions for revenue and expense

+4
Answers (1)
  1. 31 January, 17:18
    0
    P (x) = 20x - 1600.

    Step-by-step explanation:

    The revenue of the company is obtained by selling each unit of output for $45.

    So. for x units of output sold the revenue will be given by

    R (x) = 45x ... (1)

    Again, the company has the expense of fixed $1600 and another expense of $25 per output of items.

    Hence, for x items the cost will be given by

    C (x) = 1600 + 25x

    Therefore, the function that models the profit of the company based upon the conditions for revenue and cost will be P (x) = R (x) - C (x)

    ⇒ P (x) = 45x - (1600 + 25x) = 20x - 1600. (Answer)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “jeremy and justine work for a company that receives $45 for each unit of output sold. the company has a variable cost of $25 per item and a ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers