Author Question: A toilet manufacturer has decided to come out with a new and improved toilet. The fixed cost for the ... (Read 98 times)

jace · **on:** Jun 16, 2021

Question 1

A shoe company will make a new type of shoe. The fixed cost for the production will be $24,000. The variable cost will be $39 per pair of shoes. The shoes will sell for $107 for each pair. What is the profit if 600 pairs are sold?
◦ $16,800
◦ $63,600
◦ $64,800
◦ $40,800

Question 2

A toilet manufacturer has decided to come out with a new and improved toilet. The fixed cost for the production of this new toilet line is $16,600 and the variable costs are $62 per toilet. The company expects to sell the toilets for $157. Formulate a function C(x) for the total cost of producing x new toilets and a function R(x) for the total revenue generated from the sales of x toilets.
◦ C(x) = 16600 + 62x; R(x) = 157x
◦ C(x) = 16600 + 157x; R(x) = 62x
◦ C(x) = 62x; R(x) = 157x
◦ C(x) = 16,662; R(x) = 157

ebenov · **Reply #1 on:** Jun 16, 2021

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