. A cement manufacturer has a cost of production of $28 for each bag of cement produced and the sells a bag of cement for $40. The monthly fixed cost of the manufacturer is $180,000.
a. Derive the monthly cost function of the manufacturer?
b. Derive the monthly revenue function of the manufacturer?
c. Derive the monthly profit function of the manufacturer?
d. How many bags must be produced and sold to make a profit of $12,000?
e. Compute the profit or loss which corresponds to production levels of 14000 bags of cement.
1 answer
Wouldn't economics be a better school subject than "high school?"
3 answers