Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
The profit made as a function of x ;
- P(x) = 3x - 17000
- When x = 20,000 ; P(x) = $43,000
- x = 5000 ; P(x) = -$2000
Let :
Number of units produced = x
Profit per unit = $3
Fixed cost = $17,000
Total profit made : Revenue - Cost of production
Profit, P(x) = (profit per unit × number of units) - Fixed cost
Profit, P(x) = 3x - 17,000
B.)
When x = 20,000
P(20000) = 3(20000) - 17,000
Profit = 60000 - 17,000
Profit = 43,000
When x = 5000
P(5000) = 3(5000) - 17,000
Profit = 15000 - 17,000
Profit = - 2000
Learn more : https://brainly.com/question/18796573
The total profit as a function of x is P(x) = 3x - 17,000
(A) The profit is $43,000
(B) The loss is $2,000
The given parameters;
- fixed cost of production, = $17000
- number of productions, = x
- let the cost of each commodity = y
- projected selling price = y + 3
The following equations will be set up as follows;
Total cost price = 17,000 + x(y)
Total selling price = x(y + 3)
The total profit as a function of x is calculated as;
total Profit = total selling price - total cost price
total Profit = x(y+3) - 17,000 - xy
total Profit = xy + 3x - 17,000 - xy
total Profit = 3x - 17,000
P(x) = 3x - 17,000
(A) The profit or loss when x = 20,000 units are produced;
P(20,000) = 3(20,000) - 17,000
P(20,000) = 60,000 - 17,000
P(20,000) = $43,000
The profit is $43,000
(B) The profit or loss when x = 5,000 units are produced;
P(5,000) = 3(5,000) - 17,000
P(5,000) = 15,000 - 17,000
P(5,000) = - $2,000
The loss is $2,000
Learn more here: https://brainly.com/question/16050054
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.