Help with these business maths questions?

Posted on 2015-09-18 07:07:00 in Math by JERRY

A light fitting manufacturer has daily production costs of:

C = 0.2 n (squared) - 10n + 800.

Where C is the total daily cost in dollars and n is the number of light fittings produced.

a) How many light fixtures should the manufacturer produce per day to keep costs to a minimum?

b) How can I sketch a general shape of a graph (or on a graph), to show the daily production cost equation? (While labelling axes and coordinates of the y-intercept).

c) The manufacturer sells the light fixtures to a wholesaler for a fixed feee of $1000, plus $10 per fixture.
- I need to write an equation to represent the revenue generated by this arrangment.

d) How many light fixtures must the manufactuere sell to the wholesaler, in order to break even on any given day?

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