Help! I am beyond lost! I have added the question and what I have for for an answer Could someone tell me if I did it right or wrong or what I am missing? Also I have no clue how to graph this and am looking for help how to do so! Thank you
Consider the following production parameters:
The fixed cost is $83,400
the variable cost per unit is $16.07
and the selling price is $22.50
Find the cost, revenue and profit functions for this production process. Graph all three functions on the same set of axis. Graph and label the intersection point.
I have more my answers
c(x)=16.07x+83400
R(x)=22.50
P(x)=R-c=(22.50-16.07)x-83,400=6.43x-83,400
An Update I graphed it but I my intercepts never crossed??
Consider the following production parameters:
The fixed cost is $83,400
the variable cost per unit is $16.07
and the selling price is $22.50
Find the cost, revenue and profit functions for this production process. Graph all three functions on the same set of axis. Graph and label the intersection point.
I have more my answers
c(x)=16.07x+83400
R(x)=22.50
P(x)=R-c=(22.50-16.07)x-83,400=6.43x-83,400
An Update I graphed it but I my intercepts never crossed??
Last edited:
