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,...
Related questions
Question
Given cost and price (demand) functions
C(q)=110q+43,800
and
p(q)=−2.1q+900,
whatprofit can the company earn by selling
55
items?It can expect to earn
$enter your response here
in profit.(Round answer to nearest dollar.)
Expert Solution
Step 1
The cost function is given as C(q)=110q+43,800.
The price demand function is given as p(q)=−2.1q+900.
Then
The total revenue function is given by
R(q) = q*p(q)
R(q)=q*(−2.1q+900)
R(q)=−2.1q2 +900q.
Step by step
Solved in 2 steps
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