Question: Woods Products makes tables and chairs. Their expenses for rent and fixed overhead are $3500 per month. Each table costs $170 to make and sells for $210. Each chair costs $70 and sells for $100.

1. Define the two variables needed to model this situation.
2. Write the monthly profit function for this company.
3. If they produce 35 tables and 90 chairs each month, how much profit do they make?
4. If they produce 29 tables, how many chairs do they need to produce to break even?
5. If they produce 95 chairs, how many tables do they need to obtain a monthly profit of $830?

Price: $2.99

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