8. A deli owner has found that his revenue from producing x pounds of cream cheese is given by 2 R(x) = - x + 30x, while the cost in dollars is given by C(x) = 5x + 100. a) Find the minimum break-even quantity. b) Find the maximum revenue.
8. A deli owner has found that his revenue from producing x pounds of cream cheese is given by 2 R(x) = - x + 30x, while the cost in dollars is given by C(x) = 5x + 100. a) Find the minimum break-even quantity. b) Find the maximum revenue.
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:8. A deli owner has found that his revenue from producing x pounds of cream cheese is given by
2
R(x) = x² + 30x, while the cost in dollars is given by C(x)
= 5x + 100.
a) Find the minimum break-even quantity.
-
b) Find the maximum revenue.
c) Find the maximum profit.
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