It costs C(x) = 807.71 + 173.627x dollars to produce x light boxes. To sell x light boxes, the price should be set at p(x) = 221 - 0.1277x. a. Find the revenue function R(x) and the profit function P) when the manufacturer makes and sells x light boxes. Simplify your functions. b. What profit (or loss) does the manufacture incur when they make and sell 91 light boxes?
It costs C(x) = 807.71 + 173.627x dollars to produce x light boxes. To sell x light boxes, the price should be set at p(x) = 221 - 0.1277x. a. Find the revenue function R(x) and the profit function P) when the manufacturer makes and sells x light boxes. Simplify your functions. b. What profit (or loss) does the manufacture incur when they make and sell 91 light boxes?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
Related questions
Question
It costs C(x) = 807.71 + 173.627x dollars to produce x light boxes. To sell x light boxes,
the price should be set at p(x) = 221 - 0.1277x.
a. Find the revenue function R(x) and the profit function P) when the manufacturer makes and sells x light boxes. Simplify your functions.
b. What profit (or loss) does the manufacture incur when they make and sell 91 light boxes?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 8 images
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning