Write the cost-revenue and profit function for production

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Reference no: EM132273321

Suppose a LMC manufactures Wild Hyacinth, a perfume, which sells them for $50. The annual costs incurred in the production and sale of Wild Hyacinth are $200,000. Each bottle of Wild Hyacinth requires $10 in materials, labor and energy.

Write the cost, revenue, and profit function for the production and sale of q bottles.

Graph the revenue, cost and profit equation on one graph

Find the break-even point.

LMC would like to make $100,000 in profit annually on Wild Hyacinth. How many bottles do they have to sell?

Reference no: EM132273321

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