Recent content by Annie Yee

The latest demand equation for your Yoda vs. Alien T-shirts is given by q = -70x + 700 where q is the number of shirts you can sell in one week if you charge $x per shirt. The Student Council charges you $500 per week for use of their facilities, and the T-shirts cost you $3 each. Find the...

Assume it costs Microsoft $4,300 to manufacture 6 Xbox 360s and $7,900 to manufacture 12. Obtain the corresponding linear cost function. C(x) = What was the cost to manufacture each additional Xbox? Use the cost function to estimate the cost of manufacturing 60 Xboxes.

The Oliver Company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 8,800 units in 2005. The selling price will be $1 per unit. Variable costs are estimated to be 20% of total revenue. Fixed costs are estimated to be $6,700 for 2005. How many...