A company that manufactures small canoes has a fixed cost of $18,000. It costs $120 to produce each canoe. The selling price is $240 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold.)
a. Write the cost function.

Question

A company that manufactures small canoes has a fixed cost of $18,000. It costs $120 to produce each canoe. The selling price is $240 per canoe.​ (In solving this​ exercise, let x represent the number of canoes produced and​ sold.)
a. Write the cost function.

thesmartone · Answer

The cost function

C(x) = (how much does 8t cost to make one)x + 18,000

Revenue function:

R(x) = (how much does it cost to sell one)x

And, I would assume the next question wants us to find out how much they can produce and have 0 profit at the end. You'll just equate R(x) = C(x).

thesmartone · Answer

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