Mathematics, 13.10.2020 01:01 sergun252005
For a certain company, the cost function for producing x items is C(x)=40x+100 and the revenue function for selling x items is R(x)=β0.5(xβ80)2+3,200. The maximum capacity of the company is 110 items.
Answers to some of the questions are given below so that you can check your work.
Assuming that the company sells all that it produces, what is the profit function?
P(x)=
100
Preview Change entry mode .
Hint: Profit = Revenue - Cost as we examined in Discussion 3.
What is the domain of P(x)?
Hint: Does calculating P(x) make sense when x=β10 or x=1,000?
The company can choose to produce either 40 or 50 items. What is their profit for each case, and which level of production should they choose?
Profit when producing 40 items =
Number
Profit when producing 50 items
Answers: 1
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For a certain company, the cost function for producing x items is C(x)=40x+100 and the revenue funct...
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