Question

to produce x units of a religious medal costs C(x)=14x+68 the revenue is R(x)=31x. Both cost and revenue are in dollars

a) find the break even quantity$170
b) find the profit from 560 units
c) find the number of units that must be produced for a profit of $170

Answer 1

a) set the cost equal to the revenue and solve for x
b) profit = revenue - cost = 31x - (14x + 68)
evaluate tha above profit expression at x = 560
c) set the profit expression equal to 170 and solve for x

Answer 2

a)31x=14x+68

Answer 3

Correct. Now solve for x

Answer 4

$4

Answer 5

units i mean not $

Answer 6

Right.

Answer 7

b 9588

Answer 8

9452

Answer 9

Becareful with parentheses following a negative sign.

Answer 10

Yes, now you have it.

Answer 11

what do you mean by set the profit expression equal to 170

Answer 12

The profit expression is 31x - (14x + 68)
Set that equal to 170 and solve for x

Answer 13

31x - (14x + 68) = 170
Solve for x

Answer 14

do i distribute my - to the 14x and the 68 making it a -14x and a -68?

Answer 15

Correct

Answer 16

14

Answer 17

thank you

Answer 18

Thanks, and great job!