1. The monthly revenue R earned by selling x lamps is R(x)= 120x-0.46x The monthly cost of producing x lamps is C(x) 30.25r t 1000. a) How marny lamps must be sold to maximize revenue? What is the maximum revenue? (b) The profit P earned by selling x lamps is given by P(x) R(x)-C(x) How many lamnps must be sold to maximize profit? What is the maximum profit?
1. The monthly revenue R earned by selling x lamps is R(x)= 120x-0.46x The monthly cost of producing x lamps is C(x) 30.25r t 1000. a) How marny lamps must be sold to maximize revenue? What is the maximum revenue? (b) The profit P earned by selling x lamps is given by P(x) R(x)-C(x) How many lamnps must be sold to maximize profit? What is the maximum profit?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 57SE: Repeat the previous exercise to find the formula forthe APY of an account that compounds daily....
Related questions
Question
Transcribed Image Text:1. The monthly revenue R earned by selling x lamps is
R(x)= 120x-0.46x
The monthly cost of producing x lamps is
C(x) 30.25r t 1000.
a) How marny lamps must be sold to maximize revenue? What is the maximum revenue?
(b) The profit P earned by selling x lamps is given by
P(x) R(x)-C(x)
How many lamnps must be sold to maximize profit? What is the maximum profit?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 4 images
Recommended textbooks for you
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning