Cost and revenue equation calculator
[DOC File]MAT 210 .edu
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The cost is given by the fixed cost plus the variable cost. Thus . The revenue is given by . Profit = revenue – cost, thus. How many tons of fertilizer should they produce and sell to break even? (4pts) Answer: The plant will break even when revenue = cost, i.e. when profit is zero. Solving the equation …
[DOCX File]Department of Mathematics and Statistics at Washington ...
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Now you can find your linear cost function C(x) using the given costs, and create a price-demand equation using the two data points (x 1 , p 1 ) and ( x 2 , p 2 ) from above.Your price-demand equation should be in the form p=mx+b to describe the relationship between the demand for your product, x , and the consumer unit price, p , in dollars.. Recall that your price-demand equation should be a ...
[DOC File]Chapter 7: Net Present Value and Capital Budgeting
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0.071 = Nominal Variable Cost Growth Rate . The revenue stream is a five-year growing annuity. Pre-tax revenue in year 1 is found by multiplying the selling price ($3.15) by the number of units produced (1,000,000). The cash flows are growing at the nominal rate of 0.1025 and are discounted at 0.20.
[DOC File]Math 141 Week in Review
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Writing the equation of a line using the point-slope formula: Relationship between slopes of parallel and perpendicular lines. Writing Cost, Revenue, and Profit equations and using them to find values and break-even points: Profit = Revenue – Cost. Writing Supply and Demand equations and using them to find values and equilibrium points.
[DOC File]Chapter 2: Linear Functions - OpenTextBookStore
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If a customer uses 20 MB, the monthly cost will be $11.20. If the customer uses 130 MB, the monthly cost will be $17.80. Find a linear equation for the monthly cost of the data plan as a function of x, the number of MB used. Interpret the slope and vertical intercept of the equation. Use your equation to find the total monthly cost if 250 MB ...
[DOC File]Math 103 – Study Guide for Chapter 3 - Montgomery College
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Find the equilibrium point by hand and with the calculator. Be able to produce the cost and revenue functions from the given information: fixed costs, cost per unit and selling price of one unit. Then, write the profit function and find the break-even point. Solve the usual problems. Given x, find y (for cost, revenue or profit functions) Given ...
[DOC File]Room
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To solve a quadratic equation, you must. Have the equation set = 0. Factor. Set each factor = 0 and solve for the variable. Using the Quadratic Formula. Applications: Profit, Revenue, and Cost: Revenue: Revenue is the amount of money a company takes in from producing x items. Cost: The cost is how much it costs for the company to make the same ...
[DOC File]In economics, functions that involve revenue, cost, and ...
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In economics, functions that involve revenue, cost, and profit are used. Suppose R(x) and C(x), denote the total revenue and the total cost, respectively, of producing a new high-tech widget. The difference P(x) = R(x) - C(x) represents the total profit for producing x widgets. Given and C(x) = 3x + 13, find P(100). (1) 313 (2) 2000 (3) 55687 ...
[DOC File]Student lecture notes - Pearson Education
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Total cost varying with activity: the economist’s view. Revenue and costs: the economist’s view The accountant's view. Variable cost. Fixed cost. Table of data showing variable and fixed costs. Activity level 0 units 100 units 200 units 300 units £ £ £ £ Variable cost 0 10 20 30 Fixed cost 20 20 20 20 Total cost 20 30 40 50 Total cost
[DOCX File]Connecticut
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Cost = variable cost + fixed cost = cost per item number of items +fixed cost The break-even point occurs is when Revenue=Cost . Call the class to attention after about 10 minutes to be sure everyone has the correct total cost function C(x) = 0.15x + 450 and revenue function R(x) = 1x .
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