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September 1, 2014

September 1, 2014

Posted by **tracy** on Saturday, July 10, 2010 at 7:04pm.

- algebra -
**Casey**, Saturday, July 10, 2010 at 8:07pmWell if 0 units are produced, your profit is a loss of 262,500 which is primarily your fixed cost.

Total revenue function is 98x. X is the number of units sold.

I think marginal revenue is just revenues minus variable cost so 98x-23y would be marginal revenue. I might be wrong so double check with someone else.

Total cost for the product is 23y + 262,500.

The total profit function is 98x-23x-262,500. X is units sold. They may want you to express x as y though so it might be 98x-23y-262,500.

Let me know if this helps. Good luck

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