Homework Help: College Algebra

Posted by Anonymous please help :) on Monday, February 18, 2013 at 1:59pm.

A company builds bicycles. Their fixed cost is 300,000 and it costs $500 to make each bicycle(labor,materials,etc.)

A)What is the cost equation and what is the average cost per bicycle?

B)If the revenue equation is -3x^2+3200x where x is the number of bicycles, how many bicycles does the company need to sell to maximize profits?

College Algebra - Steve, Monday, February 18, 2013 at 4:27pm
C(x) = 300000+500x
avgC(x) = C(x)/x = 300000/x + 500

P(x) = R(x)-C(x) = -3x^2 + 2700x - 300000
= 3(-x^2 + 900x - 100000)

max P(x) at -900/-2 = 450

Answer this Question

Related Questions

Algebra - The RideEm Bicycles factory can produce 140 bicycles in a day at a ...
accounting - Shastri Bicycle of Bombay, India, produces an inexpensive, yet ...
Accounting - 1. The company uses a job-order costing system. How would you ...
algebra - The costs of doing business for a company can be found by adding fixed...
accounting - Looking at this question and not sure why fixed cost is 2,000 and ...
Algebra - A manufacturing company has determined that the cost of labor for ...
Algebra - A manufacturing company has determined that the cost of labor for ...
Algebra - A manufacturing company has determined that the cost of labor for ...
ALGEBRA - The costs of doing business for a company can be found by adding ...
ACC - someone help me with this questions please 1. How would the following ...

For Further Reading

First Name:
School Subject:
Answer: