MY NOTES The demand function for a child's tricycle is given by p= 116 - 4x, where p is the price in dollars at which x tricycles can be sold. The cost function (in dollars) to produce tricycles is C = 20x + 200. ASK YOUR TEACHER (See Example 8 in this section. Simplify your answers completely.) (a) Find the revenue function, R. R = (b) Find the profit function, P. P = (c) What is the maximum profit (in dollars)? $ x 6.3.P.008. PRACTICE ANOTHER

MY NOTES The demand function for a child's tricycle is given by p= 116 - 4x, where p is the price in dollars at which x tricycles can be sold. The cost function (in dollars) to produce tricycles is C = 20x + 200. ASK YOUR TEACHER (See Example 8 in this section. Simplify your answers completely.) (a) Find the revenue function, R. R = (b) Find the profit function, P. P = (c) What is the maximum profit (in dollars)? $ x 6.3.P.008. PRACTICE ANOTHER

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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The demand function for a child's tricycle is given by p = 116 - 4x, where p is the price in dollars at which x tricycles can be sold. The cost function (in dollars) to produce tricycles is C = 20x + 200. Simplify your answers completely.

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AUFQR1 6.3.P.008.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
The demand function for a child's tricycle is given by p= 116 - 4x, where p is the price in dollars at which x tricycles can be sold. The cost function (in dollars) to produce tricycles is C = 20x + 200.
(See Example 8 in this section. Simplify your answers completely.)
(a) Find the revenue function, R.
R =
(b) Find the profit function, P.
P=
(c) What is the maximum profit (in dollars)?
$
x
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