For a certain company, the cost for producing a items is 40x +300 and the revenue for selling z items is 80x 0.5a2 The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost). In economic models, one typically assumes that a company wants to maximize its profit, or at least wants to make a profit! Part a: Set up an expression for the profit from producing and selling x items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratic polynomial.) Part b: Find two values of x that will create a profit of $300. The field below accepts a list of numbers or formulas separated by semicolons (e.g. 2; 4; 6 or x + 1; x – 1). The order of the list does not matter. To enter va, type sqrt(a). Part c: Is it possible for the company to make a profit of $15,000?
For a certain company, the cost for producing a items is 40x +300 and the revenue for selling z items is 80x 0.5a2 The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost). In economic models, one typically assumes that a company wants to maximize its profit, or at least wants to make a profit! Part a: Set up an expression for the profit from producing and selling x items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratic polynomial.) Part b: Find two values of x that will create a profit of $300. The field below accepts a list of numbers or formulas separated by semicolons (e.g. 2; 4; 6 or x + 1; x – 1). The order of the list does not matter. To enter va, type sqrt(a). Part c: Is it possible for the company to make a profit of $15,000?
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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How would I solve part C?
![For a certain company, the cost for producing a items is 40x +300 and the revenue for selling
x items is 80x-
0.522.
The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost).
In economic models, one typically assumes that a company wants to maximize its profit, or at least
wants to make a profit!
Part a: Set up an expression for the profit from producing and selling x items. We assume that the
company sells all of the items that it produces. (Hint: it is a quadratic polynomial.)
Part b: Find two values of x that will create a profit of $300.
The field below accepts a list of numbers or formulas separated by semicolons (e.g. 2; 4; 6 or
x + 1; x – 1). The order of the list does not matter. To enter Va, type sqrt(a).
Part c: Is it possible for the company to make a profit of $15,000?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9dec10ca-d94c-4b40-b0bc-9043e77814f0%2Febc8c935-aefa-4701-9e03-5c4469a3ac36%2Fsz0u9a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For a certain company, the cost for producing a items is 40x +300 and the revenue for selling
x items is 80x-
0.522.
The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost).
In economic models, one typically assumes that a company wants to maximize its profit, or at least
wants to make a profit!
Part a: Set up an expression for the profit from producing and selling x items. We assume that the
company sells all of the items that it produces. (Hint: it is a quadratic polynomial.)
Part b: Find two values of x that will create a profit of $300.
The field below accepts a list of numbers or formulas separated by semicolons (e.g. 2; 4; 6 or
x + 1; x – 1). The order of the list does not matter. To enter Va, type sqrt(a).
Part c: Is it possible for the company to make a profit of $15,000?
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