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9.) Saltwater Taffy can be sold wholesale for $50 per thousand individual candies. The cost of producing x thousand candies is C(x)=1.2x³-7.5x² +41.5x for 0

9.) Saltwater Taffy can be sold wholesale for $50 per thousand individual candies. The cost of producing x thousand candies is C(x)=1.2x³-7.5x² +41.5x for 0

Advanced Engineering Mathematics
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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9.) Saltwater Taffy can be sold wholesale for $50 per thousand individual candies. The cost of producing x thousand candies is C(x)=1.2x³ -7.5x² +41.5x for 0<x<7 a.) What is the revenue function in this situation? Remember R=x.p b.) What is the profit function in this situation? Remember P=R-C c.) What number of candies will produce the largest possible profit?
Transcribed Image Text:9.) Saltwater Taffy can be sold wholesale for $50 per thousand individual candies. The cost of producing x thousand candies is C(x)=1.2x³ -7.5x² +41.5x for 0<x<7 a.) What is the revenue function in this situation? Remember R=x.p b.) What is the profit function in this situation? Remember P=R-C c.) What number of candies will produce the largest possible profit?
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