Problem
The Oneill shoe Manufacturing Company will produce a special style shoe if the order size is large enough to provide a reasonable profit. For each special style order the company incures a fixed cost of $2,000 for the production set up. The VC is $60 per pair and the sell for $80 per pair. a. let x indicate the number of pairs of shoes produced. Develop a mathmatical model for the total cost of producting x pairs of shoes. b. Let P indicate total profit. Develop a mathmatical model for the total profit realized from an order for x pairs of shoes. c. What is the break even point?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.