4. The profit function, p(x), for a company is the cost function, c(x), subtracted from the revenuefunction, r(x). The profit function for the Acme Corporation is p(x) = -0.7x? + 200x - 400 and the%3Drevenue function is r(x) = -0.2x2 + 120x. What is the cost function , c(x), for the Acme Corporation?Show your work here to justify your answer.

Recall: Profit Function P(x) = R(x)-C(x) ; where R(x) is Revenue function and C(x) is the cost…

Answered: 4. The profit function, p(x), for a…

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Similar questions

Find the profit function if cost and revenue are given by C(x) = 169 + 1.2x and R(x) = 4x- 0.06x. The profit function is P(x) =.
The Pear company sells pPhones. The cost to manufacture x pPhones is C(x): 22x51000x + 20390 dollars (this includes overhead costs and production costs for each pPhone). If the company sells x pPhones for the maximum price they can fetch, the revenue function will be R(x): 29x² + 163000x dollars. 2 = X= How many pPhones should the Pear company produce and sell to maximimze profit? (Remember that profit=revenue-cost.)
Heller Manufacturing has two production facilities that manufacture baseball gloves. Production costs at the two facilities differ because of varying labor rates, local property taxes, type of equipment, capacity, and so on. The Dayton plant has weekly costs that can be expressed as a function of the number of gloves produced TCD(X) = X² X + 3 where X is the weekly production volume in thousands of units and TCD(X) is the cost in thousands of dollars. The Hamilton plant's weekly production costs are given by TCH(Y) y² + 2Y + 9 where Y is the weekly production volume in thousands of units and TCH(Y) is the cost in thousands of dollars. Heller Manufacturing would like to produce 5,000 gloves per week at the lowest possible cost. (a) Formulate a mathematical model that can be used to determine the optimal number of gloves to produce each week at each facility. min s.t. = X, Y Z 0 = 5 (b) Use Excel Solver or LINGO to find the solution to your mathematical model to determine the optimal…

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