Pregunta
A company plans to sell bicycle helmets for $26 each. The company’s business manager estimates that the cost,
, of making
helmets is a quadratic function with a
-intercept of 8,400 and a vertex of
.
number of helmets
amount in dollars
How many helmets must the company make and sell to break even?
helmets
COMPLETE
How much will it cost the company to make 600 helmets?
$
DONE
Which system models this situation?
COMPLETE
How much will it cost the company to make 600 helmets?
$
DONE
Ask by Thornton Schneider. in the United States
Mar 22,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
Responder
To break even, the company must make and sell 600 helmets. The cost to make 600 helmets is $15,600. The system that models this situation is:
Solución
- Write the vertex form of the cost function. Since the vertex is
, the cost function can be written as
where the value of
is found as follows:
- The vertex form is
. - Use the
-intercept : - Solve for
:
- Determine the break-even point. The company earns revenue by selling helmets at $26 each. The revenue function is
Break-even occurs when revenue equals cost:
It is given that break-even happens at
helmets. We verify:
- Revenue at
: - Cost at
:
Since both equal $15,600, break-even occurs when
helmets are made and sold.
- Find the cost to make 600 helmets. From the cost function:
Thus, the cost is
.
- The system that models this situation is:
Respondido por UpStudy AI y revisado por un tutor profesional
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The Deep Dive
To break even, the company’s revenue must equal its cost. Revenue from selling
helmets at $26 each is given by
. The cost function, being a quadratic, can be expressed as
. Given the
-intercept of 8,400, you can find
and set up the equation
to solve for
.
To find the cost for making 600 helmets, simply plug in
into the cost function. Since the
-intercept is 8,400, the function can be modeled as
. Solving for
using the provided points will yield a quadratic function to calculate the total cost.
To find additional insight, consider that historically, businesses used basic algebra to track revenues and costs, evolving into complex models that now include quadratic equations. Today, businesses benefit from software that runs simulations and provides predictive analytics, enhancing efficiency in understanding costs versus revenues.
In the real world, companies often overlook fixed costs when budgeting or forecasting. Remember, it’s not just about variable costs! Ensuring you incorporate all costs—like rent, staff salaries, and utilities—alongside your production costs will help you avoid common pitfalls in financial planning.
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