For a certain company, the cost for producing x items is 40x + 300 and the revenue for selling x 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 $50. 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).
For a certain company, the cost for producing x items is 40x + 300 and the revenue for selling x 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 $50. 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).
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question
![For a certain company, the cost for producing a items is 40x + 300 and the revenue for selling
x items is 80x – 0.5x².
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 that will create a profit of $50.
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).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdaf30f56-016e-4284-9e0e-308d7a6d7bdd%2Fc18dc590-f812-486c-a7d9-79d95e0d19de%2F8ybneq_processed.png&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 – 0.5x².
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 that will create a profit of $50.
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).
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