For a certain company, the cost function for producing x items is C(x)=40x+200 and the revenue function for selling x items is R(x)=−0.5(x−80)2+3,200. The maximum capacity of the company is 140 items Assuming that the company sells all that it produces, what is the profit function? P(x)= What is the domain of P(x)? The company can choose to produce either 40 or 50 items. What is their profit for each case, and which level of production should they choose? Profit when producing 40 items = Profit when producing 50 items = Can you explain, from our model, why the company makes less profit when producing 10 more units?
For a certain company, the cost function for producing x items is C(x)=40x+200 and the revenue function for selling x items is R(x)=−0.5(x−80)2+3,200. The maximum capacity of the company is 140 items Assuming that the company sells all that it produces, what is the profit function? P(x)= What is the domain of P(x)? The company can choose to produce either 40 or 50 items. What is their profit for each case, and which level of production should they choose? Profit when producing 40 items = Profit when producing 50 items = Can you explain, from our model, why the company makes less profit when producing 10 more units?
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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For a certain company, the cost function for producing x items is C(x)=40x+200 and the revenue function for selling x items is R(x)=−0.5(x−80)2+3,200. The maximum capacity of the company is 140 items
Assuming that the company sells all that it produces, what is the profit function?
P(x)=
What is the domain of P(x)?
The company can choose to produce either 40 or 50 items. What is their profit for each case, and which level of production should they choose?
Profit when producing 40 items =
Profit when producing 50 items =
- Can you explain, from our model, why the company makes less profit when producing 10 more units?
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