Units produced Total Cost
500 $17,415
1,000 $22,030
1500 $26,645
2000 $31,260
Selling Price $12.25
A. GRAPH THE DATA
B. What is your visual estimate of the y-intercept?
C. GRAPH C (X) on the data graph from part (a).
D. Find the equation for C(X).
E. What is the fixed cost and variable cost for this production?
F. Find the equations for R(x) and P(x).
G. What is the break-even point?
H. Graph P(x), R(x), and C(x) on the same set of axis. Graph and label the intersection point.