What is the cost when 150 units are produced?

[nae99]

Yes, that's better.

and Revenue will be
R = 21.75(x)

 

[Mark44]

No, you had it correct before in post #27. The company can't make any profit if they sell the bikes for the same as it costs to make them.

 

[nae99]

No, you had it correct before in post #27. The company can't make any profit if they sell the bikes for the same as it costs to make them.

ok so working out the cost function would it be

C(x) = 21.75(x) + 25 000
C(325) = 21.75(325) + 25 000
C(325) = 7068.75 + 25 000
C(325) = 32 068.75

 

[Mark44]

ok so working out the cost function would it be

C(x) = 21.75(x) + 25 000

Stop here.

Why are you calculating C(325)?

C(325) = 21.75(325) + 25 000
C(325) = 7068.75 + 25 000
C(325) = 32 068.75

Your problem is to find these:
a) Cost function. It is C(x) = 21.75x + 25,000
b) Revenue function. You have it - it is R(x) = 325x
c) Profit function
d) Break-even point
e) Cost of producing 150 bikes

 

[nae99]

ok, so i should only put in the functions which are
c) Profit function P(x) = 325x - 25021.75x
d) Break-even point 325x= 21.75x + 25 000
e) Cost of producing 150 bikes C = 150x + 25 000

 

[Mark44]

These are all wrong.

ok, so i should only put in the functions which are
c) Profit function P(x) = 325x - 25021.75x

How did you get this? P(x) = R(x) - C(x).

d) Break-even point 325x= 21.75x + 25 000

The break-even point is the value of x for which C(x) = R(x).

e) Cost of producing 150 bikes C = 150x + 25 000

The cost function is C(x) = 21.25x + 25,000. What is C(150)?

 

[nae99]

ok, so the formulas are
profit = Revenue - cost P(x) = R(x) - C(x)

break even = C(x) = R(x)
are these right
and the Cost of producing 150 bikes will be C(150) = 21.25x + 25,000

 

[Mark44]

ok, so the formulas are
profit = Revenue - cost P(x) = R(x) - C(x)

Yes, but what is P(x) in terms of the formulas for R(x) and C(x)?

break even = C(x) = R(x)
are these right

Yes, and I wrote this already. Your job is to find the value of x for which C(x) = R(x).

and the Cost of producing 150 bikes will be C(150) = 21.25x + 25,000

No, what you have on the right is C(x), not C(150). Evaluate your function at x = 150. Your answer should be a number - no x.

 

[LCKurtz]

You are just guessing. Plug in numbers until you get corrected enough times that the answer is correct. But you are showing absolutely no understanding of what you are doing. You will never learn how to analyze this kind of problem with that approach.

At this point, my best advice to you is to schedule an appointment with your teacher. I have done everything I can short of working the problem for you, which I will not do.

 

[nae99]

d) Break-even point 325x= 21.75x + 25 000

The break-even point is the value of x for which C(x) = R(x)

R(x) = C(x)
325x = 21.75x + 25 000
325x - 21.75x = 25 000
13.25x = 25 000
13.25x/13.25 = 25 000/13.25
x = 1886.79

 

[Mark44]

d) Break-even point 325x= 21.75x + 25 000

The break-even point is the value of x for which C(x) = R(x)

R(x) = C(x)
325x = 21.75x + 25 000
325x - 21.75x = 25 000
13.25x = 25 000

I can't even guess how you got 13.25x from the line above.

13.25x/13.25 = 25 000/13.25
x = 1886.79

This is way off.

 

[nae99]

I can't even guess how you got 13.25x from the line above.

This is way off.

oh sorry its suppose to be
325x = 21.75x + 25 000
325x - 21.75x = 25 000
303.25x = 25 000
303.25x/303.25 = 25 000/303.25
x= 82.440

 

[Mark44]

That looks like the right number. What does it represent?

 

[nae99]

That looks like the right number. What does it represent?

it represent the break-even point

 

[nae99]

That looks like the right number. What does it represent?

it represent the break-even point

 

[Mark44]

Have you done the last part yet? I.e., find the cost of making 150 bikes?

 

[nae99]

Have you done the last part yet? I.e., find the cost of making 150 bikes?

No, because i am confuse

 

[Mark44]

a) Cost function. It is C(x) = 21.75x + 25,000

All you need to do is evaluate C(150) using the formula above.

 

[Evo]

I don't think there is any need to continue this.