- 0.5x?.Raggs, Ltd. a clothing firm, determines that in order to sell x suits, the price per suit must be p = 200 - 0.75x. It also determines that the total cost of producing x suits is given by C(x) = 4000 +a) Find the total revenue, R(x).b) Find the total profit, P(x).c) How many suits must the company produce and sell in order to maximize profit?d) What is the maximum profit?e) What price per suit must be charged in order to maximize profit?%Da) R(x) =b) P(x) =%3Dс)suitsd) The maximum profit is $e) The price per unit must be $ 5x + 500A garden shop determines the demand function q = D(x) = 20N 4 7 during early summer for tomato plants where q is the number of plants sold per day when the price is x dollars per plant.%3D(a) Find the elasticity.(b) Find the elasticity when x = 2.(c) At $2 per plant, will a small increase in price cause the total revenue to increase or decrease?(a) The elasticity is(b) When x = 2, the elasticity is(Simplify your answer. Type an integer or a fraction)(c) Fill in the blank below.At $2 per plant, a small increase in price will cause the total revenue to

Name: - 0.5x?.Raggs, Ltd. a clothing firm, determines that in order to sell
Uploaded: 2024-03-20T07:07:26.000Z
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Description: - 0.5x?.Raggs, Ltd. a clothing firm, determines that in order to sell x suits, the price per suit must be p = 200 - 0.75x. It also determines that the total cost of producing x suits is given by C(x) = 4000 +a) Find the total revenue, R(x).b) Find t