an economist for a sporting goods company estimates the revenue and cost functions for the production of a new snowboard. These functions are R(x) = -x^2+10x and C(x) = 4x+5 respectively, where x is the number of snowboards produced, in thousands. The average profit is defined by the function AP(x) = (P(x))/x where P(x) is the profit function. Determine the production levels that make AP(x) > 0.
an economist for a sporting goods company estimates the revenue and cost functions for the production of a new snowboard. These functions are R(x) = -x^2+10x and C(x) = 4x+5 respectively, where x is the number of snowboards produced, in thousands. The average profit is defined by the function AP(x) = (P(x))/x where P(x) is the profit function. Determine the production levels that make AP(x) > 0.
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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Question
an economist for a sporting goods company estimates the revenue
and cost functions for the production of a new snowboard. These
functions are R(x) = -x^2+10x and C(x) = 4x+5 respectively,
where x is the number of snowboards produced, in thousands. The
average profit is defined by the function AP(x) = (P(x))/x where P(x)
is the profit function. Determine the production levels that make AP(x) > 0.
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