3. The company TClothing has figured its average cost (in $) of producing and selling x units of and its average revenue (in $) per day 120+2x T-shirts per day is given by the equation AC(x) = = 10x+3 is given by the equation AR (x) = x a) Determine the average profit on producing and selling 50 shirts per day? Average Profit = Average Revenue - Average Cost b) How many shirts should be sold in order to have an average daily profit of $7? Only algebraic solutions will get full marks.
3. The company TClothing has figured its average cost (in $) of producing and selling x units of and its average revenue (in $) per day 120+2x T-shirts per day is given by the equation AC(x) = = 10x+3 is given by the equation AR (x) = x a) Determine the average profit on producing and selling 50 shirts per day? Average Profit = Average Revenue - Average Cost b) How many shirts should be sold in order to have an average daily profit of $7? Only algebraic solutions will get full marks.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:3. The company TClothing has figured its average cost (in $) of producing and selling x units of
T-shirts per day is given by the equation AC(x) = and its average revenue (in $) per day
120+2x
10x+3
is given by the equation AR (x) =
x
X
a) Determine the average profit on producing and selling 50 shirts per day?
Average Profit = Average Revenue – Average Cost
b) How many shirts should be sold in order to have an average daily profit of $7? Only algebraic
solutions will get full marks.
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