Question: A machine shop produces parts for the aircraft industry. For a particular part, the fixed costs, which includes setting up the production line are $13750. The material costs are $3.25 per part and labor costs are $3.50 per part. The shop charges $15.25 for each part. Suppose x denotes the number of parts produced and sold. Find the following.

1. A linear function which calculates the cost of producing x parts. (10 points)
2. A linear function which calculates the revenue realized from the sale of x parts. (10 points)
3. Use a) and b) to find the linear profit function for this product. (10 points)
4. What is the profit or loss realized from the sale of 1770 parts? (5 points)
5. What is the break-even point for this product? (15 points)
6. Suppose a customer wants to receive a discount on an order of 1750 parts. What is the minimum price this manufacturer must charge to break even on the order? (15 points)

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document