A factory produces bags of pretzels. Each bag costs the company 75 cents to produce. The factory has bills that amount to $45,000 every month. Each bag of pretzels wholesales for $2.50. Find the monthly Cost C(x), Revenue R(x), and Profit Ģ(x) functions for the company. Determine how many bags of pretzels must be sold to break-even. (round to the nearest bag if necessary)
Costco sells a 72lb wheel of Parmigiano Reggiano cheese for $899. It costs them $700 to produce each wheel. Their cheese warehouse incurs $20,000 in bills every month. Find the marginal cost, marginal revenue, and marginal profit for Costco's wheel of cheese. Explain what each means using a full sentence. (Be sure to include units).
How many wheels of cheese must Costco sell to make at least $20,000 in profit? (your answer should be given as a whole number).