A biscuit factory has daily fixed costs of RM500. In addition, it costs 80 cents to produce each bag of biscuits. A bag of biscuits sells for RM 1.80. Given that x represents the number of bag of biscuits,
(a) Find
(i) Cost function, C(x)
(ii) Revenue function, R(x)
(iii) Profit function, P(x)
(b) Calculate the daily profit if the factory sells 1200 bags of biscuits daily.
1
Expert's answer
2012-08-23T11:23:16-0400
(a)(i) Cost function, C(x)
Linear Manufacturing Cost Function = Fixed Cost + (Average Variable Cost) * Output
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment