Raggs, Ltd. a clothing firm, determines that in order to sell x suits, the price per suit must be p130-0.5x. It also determines that the total cost of producing x sults is given by C(x) 3000+0.75x² 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?
Raggs, Ltd. a clothing firm, determines that in order to sell x suits, the price per suit must be p130-0.5x. It also determines that the total cost of producing x sults is given by C(x) 3000+0.75x² 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?
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...
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