Math Problem Statement
An appliance company has determined that the cost of producing ice cream makers is $22.50 per ice cream maker plus $6000 per month in fixed costs. The appliance company sells each ice cream maker for $60 .
Step 1 of 4: Find the revenue function.
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Linear Functions
Revenue and Cost Functions
Formulas
Revenue function: R(x) = price_per_item * quantity_sold
Cost function: C(x) = variable_cost * quantity + fixed_cost
Theorems
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Suitable Grade Level
Grades 9-12
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