cost total revenue and profit

mrgmot

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Mar 29, 2011
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If total revenue is R(x) = 93X, monthly fixed cost is$1410 and variable cost is $58 what is the profit on 350 units
c(x) is 1410 + 58x
r(x) is 93X
p(x) is 93x-(1410- 58x)
p(x) is 35x - 1410
now I am stuck
 
mrgmot said:
If total revenue is R(x) = 93X, monthly fixed cost is$1410 and variable cost is $58 what is the profit on 350 units
c(x) is 1410 + 58x
r(x) is 93X
p(x) is 93x-(1410- 58x)
p(x) is 35x - 1410
now I am stuck

What is x?

If you think about what x is and reread the problem, you will see that you have ignored one of the pieces of information given to you.
 
mrgmot said:
R(x) = 93X

r(x) is 93X

Suggestions:

The symbol x is not the same as the symbol X.

The name r is not the same as the name R.

For this exercise, the distinction between upper- and lower-case letters is probably not too important, but using x, X, r, and R interchangeably is a bad habit to get into. Eventually, you could be dealing with exercises in which x and X are actually two different numbers and r(x) and R(x) are definitely two different functions.

In other words, try to stick with the same symbols and names throughout an exercise now, and you'll have one less issue to deal with later on. 8-)

 
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