A company has a fixed cost of $34,000 and a production cost of $6 for each unit it manufactures. A u

Discussion in 'Calculator Requests' started by math_celebrity, Dec 17, 2021.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    A company has a fixed cost of $34,000 and a production cost of $6 for each unit it manufactures. A unit sells for $15

    Set up the cost function C(u) where u is the number of units is:
    C(u) = Cost per unit * u + Fixed Cost
    C(u) = 6u + 34000

    Set up the revenue function R(u) where u is the number of units is:
    R(u) = Sale price per unit * u
    R(u) = 15u
     

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