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Applied Math Project

This project involves analyzing fixed costs, unit production costs, and pricing strategies to maximize revenue for a business. The goal is to create revenue, cost, and profit functions graphed accurately to determine the break-even point and profit/loss regions. The project requires a detailed business background along with parameters for the product unit. A finished product or its representation is necessary, along with a written outline including business name, product details, itemized costs, and break-even unit sales. The presentation can be in the form of a PowerPoint, poster, or trifold board. Due by Friday, February 1st.

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Applied Math Project

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  1. Applied Math Project Revenue/Cost Comparison for Production and Sales

  2. Project Outline and Requirements • You will be in charge of making some unit to be sold. You will determine all fixed costs needed to start production as well as costs per unit of production. • You will determine from there the unit price to charge in order to generate Revenue for your business • 3 equations will be generated: Revenue function, Cost function, Profit function. • The first two functions will be presented accurately on a graph showing all labels and the break even point. Loss and Profit regions will also be shaded and labeled. • A detailed background of your business and item must be written • Presentation can be power point, very large poster, or card board trifold • You must bring in a finished product or a large picture of one completed.

  3. Product unit parameters • The business shall have a name • The product can be physical or intangible (but if the latter, must be approved) • The graph must be large (at least 24” by 24”) or on a single ppt slide • The graph must show both R and C functions, y axis labels, x axis lables, accurate scale markings, and color enhancements • Due Friday February 1st • If ppt, may be emailed or on Flash drive (must have at least 4 slides) • A detailed paragraph outlining the business name, product details, itemized costs both fixed and per unit production, and finally a statement of how many units must be made/sold in order to break even.

  4. Notebook Contents • 1. Worksheet “Finding Slope and Rate of Change” • 2. P 430 Hw • 3. P. 444 Hw 1-12,51-55 • 4. p. 444 Hw 25 – 41 odds • Notes Section • Notes on Slope • Notes on y = mx+b • Notes on Revenue/Cost

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