A radio manufacturing firm has fixed cost of $25.000 cost and variable cost of $75.80 per radio. The radio sells for $119.95
Write an expression for the profit funciton and find the number of radios that must be sold to break even.
If money is invested at 9%, what is the effective anual rate if the investment is compounded
a) quarterly?
b) monthly?
c) daily?
d) countinesly?
A certain company has a fixed cost of $15.000 for its product and variable cost given by 140 + .04x dollars per unit, where x is the total number of units. The selling price of the product is 300-.06x dollars per unit. Form the profit function and find the break even point and level of sales which maximizes profits.