Asked by Anonymous please help :)
A company builds bicycles. Their fixed cost is 300,000 and it costs $500 to make each bicycle(labor,materials,etc.)
A)What is the cost equation and what is the average cost per bicycle?
B)If the revenue equation is -3x^2+3200x where x is the number of bicycles, how many bicycles does the company need to sell to maximize profits?
A)What is the cost equation and what is the average cost per bicycle?
B)If the revenue equation is -3x^2+3200x where x is the number of bicycles, how many bicycles does the company need to sell to maximize profits?
Answers
Answered by
Steve
C(x) = 300000+500x
avgC(x) = C(x)/x = 300000/x + 500
P(x) = R(x)-C(x) = -3x^2 + 2700x - 300000
= 3(-x^2 + 900x - 100000)
max P(x) at -900/-2 = 450
avgC(x) = C(x)/x = 300000/x + 500
P(x) = R(x)-C(x) = -3x^2 + 2700x - 300000
= 3(-x^2 + 900x - 100000)
max P(x) at -900/-2 = 450
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