3. A hardware company has a linear total cost function and has determined that it has a total cost of $13,980 on sales of $6,000. The same company has a total cost of $18,620 on sales of $14,000. The...


3. A hardware company has a linear total cost function and has determined that it has a total cost of<br>$13,980 on sales of $6,000. The same company has a total cost of $18,620 on sales of $14,000. The<br>selling price per unit is $1.<br>(a) Determine the revenue, cost, and profit function using q for quantity.<br>(b) What is the fixed cost?<br>(c) What is the variable cost on sales of $60,000?<br>(d) What is the total cost on sales of $60,000?<br>(e) Find the break-even point and break-even dollar volume of sales.<br>

Extracted text: 3. A hardware company has a linear total cost function and has determined that it has a total cost of $13,980 on sales of $6,000. The same company has a total cost of $18,620 on sales of $14,000. The selling price per unit is $1. (a) Determine the revenue, cost, and profit function using q for quantity. (b) What is the fixed cost? (c) What is the variable cost on sales of $60,000? (d) What is the total cost on sales of $60,000? (e) Find the break-even point and break-even dollar volume of sales.

Jun 08, 2022
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