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  1. #1
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    problem solving

    A Manufacturer sells a product at $8.70 per unit, selling all produced. The fixed cost is $2150 and the variable cost is $7.00 per unit.

    what is the level of production will there be a loss of $1200?

    Thanks
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  2. #2
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    Quote Originally Posted by happy8588 View Post
    A Manufacturer sells a product at $8.70 per unit, selling all produced. The fixed cost is $2150 and the variable cost is $7.00 per unit.

    what is the level of production will there be a loss of $1200?

    Thanks
    Let n be the number of units.

    You want to find Income - Expenditure = -1200

    Can you set up an equation for this in terms of n?
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  3. #3
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    The equation that i used was c(x)=7.00x+2150 and R(x)=8.70x
    giving an equation of p(x)=1.70x-2150

    then i plugged 1200=1.70x-2150 and i got 1970.588235 which is not the correct answer
    please help.
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  4. #4
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    Quote Originally Posted by happy8588 View Post
    The equation that i used was c(x)=7.00x+2150 and R(x)=8.70
    giving an equation of p(x)=1.70x-2150

    then i plugged 1200=1.70x-2150 and i got 1970.588235 which is not the correct answer
    please help.
    Wouldn't R(x) = 8.70x? Since the way you've written it R(x) is constant and does not depend on x! Although I suspect that's a typo since it's correct later on


    You have p(x) correct but you need to set it equal to -1200 instead of 1200 since the question refers to a loss and p(x) is a function of profit per unit (and a loss = negative gain)
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  5. #5
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    I made a mistake in typing r(x)=8.70x
    therefore, i should use 1.70x-2150=-1200 and solve it like this: 1.70x=-1200+2150 then divide by 1.70 to get the answer of 558.8235294?
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  6. #6
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    Yes, that is correct.
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