Purchase Solution

Business Math : Revenue and Total Cost

Not what you're looking for?

Ask Custom Question

The Revenue and Total Cost eqations for a glove company are R(x)=35x and C(x)=0.25x^2 + 30.5x + 10, where x is in hundreds of gloves and R(x) and C(x) are in thousands of dollars.

What is the Revenue and production Cost for 700 gloves, the profit for this problem, the number of gloves that will produce the maximum profit, the maximum profit that can be obtained, and the break-even point?

Purchase this Solution

Solution Summary

Maximum profit and a break-even point are calculated based on Cost and Revenue equations.

Solution Preview


Revenue eqation is
Cost eqation is
C(x)=0.25x^2 + 30.5x + 10

When x=7 (hundreds),
Production Cost
C(x)=0.25x^2 + 30.5x + 10=0.25*7^2+30.5*7+10
Profit for this ...

Purchase this Solution

Free BrainMass Quizzes
Probability Quiz

Some questions on probability

Graphs and Functions

This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.

Geometry - Real Life Application Problems

Understanding of how geometry applies to in real-world contexts

Exponential Expressions

In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.

Know Your Linear Equations

Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.