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Total revenue equation
Solve the problem.
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 $63 per toilet. The company expects to sell the toilets for $152. 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. |
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It would be good to show what you tried... In your cost function, you should include the fixed cost, and the variable cost. In the revenue function, you should include the sales. |
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Ert
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