Suppose a company has fixed costs of $300 and variable costs per unit of 7/8x + 1560 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1600 - 1/8x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = (b) Find the maximum revenue. $ (c) Form the profit function P(x) from the cost and revenue functions. P(x) = Find the maximum profit. $ (d) What price will maximize the profit? (Round your answer to the nearest cent.) $
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The fixed cost is $300, and the variable cost is $(X + 1560)$. So, the cost function is: C(x) = 300 + (X + 1560)x Show more…
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