Math Problem Statement
give me a 5/10 medium complex graphing question that applies in the real world
Solution
Here's a medium-complexity graphing question that applies to the real world:
Question:
A company produces and sells smartphones. The company's total cost (including fixed and variable costs) to produce smartphones can be modeled by the equation:
Where:
- is the total cost in dollars,
- is the number of smartphones produced.
The company sells each smartphone for $300, so the revenue function is given by:
-
Graph the cost function and the revenue function on the same coordinate plane for values between 0 and 100.
-
Determine the break-even point, where the company's revenue equals its costs.
-
Shade the region where the company is making a profit.
-
What is the minimum number of smartphones the company must produce to make a profit?
Would you like any details or further clarifications on this question?
Here are 5 related questions you could explore:
- How would the graph change if the fixed cost increased to $7000?
- What if the company decides to sell smartphones at $250 each, how does that affect the break-even point?
- How would the profit region shift if the variable cost per smartphone increased to $200?
- If the company wants to earn a profit of $20,000, how many smartphones must it sell?
- What is the significance of the slope of the revenue and cost functions in this scenario?
Tip: In real-world graphing problems, always pay attention to the intersections of cost and revenue to identify break-even points and profit regions.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Linear Functions
Cost and Revenue Analysis
Graphing
Break-Even Point
Profit Calculation
Formulas
Cost function: C(x) = 5000 + 150x
Revenue function: R(x) = 300x
Break-even point: C(x) = R(x)
Theorems
Basic Linear Equation Theorem
Suitable Grade Level
Grades 10-12