A manufacturer sells a product at \( 8.35 \) per unit. The fixed cost is \( 2116 \) and the variable cost is \( 7.20 \) per unit. a. Find the total revenue (TR) and total cost (TC) functions. b. At what level of production will the break even point occur? c. At what level of production will there be a profit of \( 4,600 ?\)
Pregunta
Answer
TC:2116+7.2x
TR:8.35x
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\( P = - 2 x ^ { 2 } + 28 x - 90 , \) where \( x \) is the number of games it produces in hundred thousands and \( P \) is the profit in millions of dollars.
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