Question

Maddaloni International, Inc. produces and sells a single product. The product sells for $160.00 per unit, and its variable expense is $46.40 per unit. The company's monthly fixed expense is $219,248.

Answer 1

The expressions for the production cost and Revenue made by Maddaloni International are :

• T(n) = 219248 + 46.40n

• R(n) = 160n

Total Expenses:

• Fixed cost + Variable cost
• Variable cost = Variable cost per good × Number goods

Total Revenue:

• Cost per product × number of product sold

Let the number of products made = n

Therefore, the Total expenses or cost of production and Revenue made are expressed thus :

The Total Expenses, T can be expressed in terms of n as:

• T(n) = 219248 + 46.40n

The total Revenue made, R in terms of n is :

• R(n) = 160n

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