Show Intro/Instructions n 1
The price-demand and cost functions for the production and sales of 2 Mini-Vacs are given as
p(x) = 35 - .252
C(x) = 250 + 5.
The price per Mini-Vac p(x) and the cost C(2) are in dollars.
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a. Find the revenue function in terms of x.
R(2) =
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b. Find the profit (or loss) earned at an output of 30 Mini-Vacs.
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c. On your own, graph revenue and cost on the graph below. Be sure to mark the scale on both axes (fit it to
Revenue, which you should graph first), label: y = R(x), y = C(x), the break-even points, the 2-intercepts of
y = R(x), and the y-intercept of y = C(x).
d. According to your graph, what is the maximum revenue and at what output level does it occur?
Maximum revenue is $ at =
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Points possible: 9
This is attempt 1 of 1