Wednesday

September 17, 2014

September 17, 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

**Answer this Question**

**Related Questions**

algebra - A consumer electronics company sells 6.7 million MP3 players per month...

pre-algebra - You are researching the price of MP3 players. You found an average...

Calculus - A company manufactures widgets. The daily marginal cost to produce x ...

math - a computer company can sell 1000 computers if they price them at $500. ...

College Algebra - A company builds bicycles. Their fixed cost is 300,000 and it ...

Math Algebra 2 - An electronics company manufactures personal tape players on ...

math - The Math-Is-Fun T-shirt Company manufactures and sells screen-printed t-...

maths and statistics - A company manufactures a product. The total fixed costs ...

Business Cal - Suppose a publishing company has found that the marginal cost at ...

inter Alegbra - A startup company can sell 1000 computers if they price them at...