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14/20 uestion 11 of 12, Step 2 of 2 Correct t has been determined that the cost of producing x units of a certain item is 9x + 495. The demand function is given by p = D(x) = 39 - 0.45x. Step 2 of 2: Find the profit function. 画ト Keyboard St Previous Step P(x) = In 2 log NZQR CA v, BOXH ) cos () tan () cese () sec () cot () Submit Answer V VI O

14/20 uestion 11 of 12, Step 2 of 2 Correct t has been determined that the cost of producing x units of a certain item is 9x + 495. The demand function is given by p = D(x) = 39 - 0.45x. Step 2 of 2: Find the profit function. 画ト Keyboard St Previous Step P(x) = In 2 log NZQR CA v, BOXH ) cos () tan () cese () sec () cot () Submit Answer V VI O

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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It has been determined that the cost of producing x units of a certain item is 9x+495. The demand function is given by p = D(x) = 39 -0.45x
Models Lesson 1.8 Certify Mode Questio x A learn.hawkeslearning.com/Portal/Lesson/lesson_certify#! 14/20 uestion 11 of 12, Step 2 of 2 Correct t has been determined that the cost of producing x units of a certain item is 9x + 495. The demand function is given by p = D(x) = 39 – 0.45x. Step 2 of 2: Find the profit function. Keyboard S Previous Step P(x) = In 2 log N Z QRCA V. BOXH @ ) cos () tan () esc () sec () cot () Submit Answer Exit session V VI O
Transcribed Image Text:Models Lesson 1.8 Certify Mode Questio x A learn.hawkeslearning.com/Portal/Lesson/lesson_certify#! 14/20 uestion 11 of 12, Step 2 of 2 Correct t has been determined that the cost of producing x units of a certain item is 9x + 495. The demand function is given by p = D(x) = 39 – 0.45x. Step 2 of 2: Find the profit function. Keyboard S Previous Step P(x) = In 2 log N Z QRCA V. BOXH @ ) cos () tan () esc () sec () cot () Submit Answer Exit session V VI O
Expert Solution
Step 1

The cost function  is C(x)=9x+495

And the demand function is given as p=D(x)=39-0.45x.

The profit function P(x) =R(x)-C(x)

Where R(x) Is the revenue function and Is defined as number of units sold times price per unit

I.e. R(x) =x×D(x)

 

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