The cost of production as a function of output x in 000’s (where x > 1.000) is given by the function


Question: A specialty tea shop sells green tea for $5.50 a package and Jasmine tea for $3.80 a package.

a) If the cost of sales is $1450 plus 0.95 per package, write down the function which calculates the profit in terms of the number of packages of tea sold.

b) If they sell 22 packages of Plum Green Tea how much jasmine tea must be sold to break even.

c) If they require a profit of $1200, and they sell 500 packages of plum green tea how much jasmine tea must be sold?

d) Suppose the demand for jasmine tea must be sold to make a profit of $2300

Price: $2.99
Answer: The solution consists of 2 pages
Solution Format: Word Document

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