Examlex

Solved

Write a Cost Function for the Problem C(x)=16600+70x;R(x)=155x C(x)=16600+70 x ; R(x)=155 x

question 69

Multiple Choice

Write a cost function for the problem. Assume that the relationship is linear.
-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 $70 per toilet. The Company expects to sell the toilets for $155. 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.


Definitions:

Milk Deliveryman

A person who delivers milk and often other dairy products directly to homes or businesses, a profession more common in the past.

Competing Products

Competing products are goods or services offered by different businesses that serve the same purpose or meet the same customer needs as one's own products.

Software Salesperson

A sales professional specializing in selling software products and solutions to customers.

Product Modifications

Changes or alterations made to a product's design, features, or specifications to improve its appeal, functionality or to cater to different market segments.

Related Questions