Assume that the cost to produce x school T-shirts is given by C(x) Ex+750 and the T-shirts are sold for $21 each. Thus, the resulting revenue function is R(x)=21x a Find the profit function Pod b. Find the profit or loss from the sale of 10 T-shirts c. How many T-shirts must be sold to break even?

Assume that the cost to produce x school T-shirts is given by C(x) Ex+750 and the T-shirts are sold for $21 each. Thus, the resulting revenue function is R(x)=21x a Find the profit function Pod b. Find the profit or loss from the sale of 10 T-shirts c. How many T-shirts must be sold to break even?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Assume that the cost to produce x school T-shirts is given by C(x) 6x+750 and the T-shirts are sold for 521 each. Thus, the resulting revenue function is R(x)=21x
a Find the profit function P(x)
b. Find the profit or loss from the sale of 10 T-shirts
e. How many T-shirts must be sold to break even?

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