You now want to operate an ice-cream firm. You have all the necessary apparatus to work with. Now the fixed cost( the cost incurred for non operating your machines without any production examples the electricity bill, phone calls, etc which are not directly related to production)is $1000 and a variable cost of $5 per every unit of ice-cream produced.

Question

You now want to operate an ice-cream firm. You have all the necessary apparatus to work with. Now the fixed cost( the cost incurred for non operating your machines without any production examples the electricity bill, phone calls, etc which are not directly related to production)is $1000 and a variable cost of $5 per every unit of ice-cream produced.
You have decided to sell each unit for $10.
a) write the relation for the total cost(a relation connecting fixed cost and variable cost)
b) write a relation for the revenue(a relation for selling the ice-cream)
i)find the cost of producing 500 units of ice-cream
ii)find the expected profit for producing 500 units of ice-cream.

Writeacher · Answer

No one here will write your assignment for you. However, if you post what you come up with, someone may be able to critique your thinking for you.

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rekkejew · Answer

i have try to solve