Cost, Revenue, Profit |
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A company produces very unusual CD's for which the variable cost is $ 19 per CD
and the fixed costs are $ 40000. They will sell the CD's for $ 93 each. Let be the number of CD's produced, be the cost for producing n CD's, equal the revenue earned from selling n CD's, and equal the total Profit (Revenue minus Cost). Using this information, answer the questions below. Note: For each of the following, you must write a complete function using formal function notation to get full credit. For example, for the cost function, it must be in the form: |
Write the total cost as a function of the number of CD's produced. Cost Function: |
Write the total revenue as a function of the number of CD's produced. Revenue Function: |
Write the total profit as a function of the number of CD's produced. Profit Function: |
Find the minimum number of CD's which must be produced to not lose money (i.e. break even or make a profit). If needed round up to the nearest CD. The minimum number of CD's which must be produced to not lose money is |
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