A medical equipment company produces STETHOSCOPES with a fixed cost of $2,300. Each STETHOSCOPE will cost $11 to produce (variable costs) and will sell for $59.
a. Find the total cost C(x) of producing an x number of STETHOSCOPES.
b. Find the total revenue R(x) from the sale of an x number of STETHOSCOPES.
c. Find the total profit P(x) from the production and sale of x number of STETHOSCOPES.
d. What profit will the company realize from the production and sale of 500 STETHOSCOPES.
e. Determine the break-even point [Hint: find x when P(x)=0, or C(x)=R(x)]

Question

A medical equipment company produces STETHOSCOPES with a fixed cost of $2,300. Each STETHOSCOPE will cost $11 to produce (variable costs) and will sell for $59.
a. Find the total cost C(x) of producing an x number of STETHOSCOPES.
b. Find the total revenue R(x) from the sale of an x number of STETHOSCOPES.
c. Find the total profit P(x) from the production and sale of x number of STETHOSCOPES.
d. What profit will the company realize from the production and sale of 500 STETHOSCOPES.
e. Determine the break-even point [Hint: find x when P(x)=0, or C(x)=R(x)]