Math 30 Lab Assignment 1 1 OG Music produces G-pods, devices that hold 1GB of...
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Math 30 Lab Assignment 1 1 OG Music produces G-pods, devices that hold 1GB of music. G-pods sell to the customer for S10 each and have fixed costs of $2000 and variable costs of $3.50 per G-pod. Letc, d, and p be the variables for cost, demand, and price, respectively. a. What is the cost function? b. What is the revenue function? c. What is the profit function? d. What is the break-even point? (Recall that break even means cost revenue, or profit-0) e. The company set a goal of $10000, how many G-pods do they need to sell in order to reach that goal
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