Question
The G. Bustos Mfg. Co. produces religious medals. Its fixed costs is $39 and its marginal...
The
G. Bustos Mfg. Co. produces religious medals. Its fixed costs is
$39 and its marginal cost is $12 per unit. It sells the medals for
$25 per unit.
(a) Identify your random varables(s)
(b) Find the cost function, C(x)
(c) Find the revenue function, R(x)
(d) Find the break-even quantity
(e) Find the profit function P(x)
(f) What is the profit from producing snd selling 100
units?
(g) How many units of medals must be produced and sold to
realize a profit of $130?
Homework Answers
Answer #1
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