se the Sales information above to answer this question. he value x = 42.538 should be used in the cost model to stimate the cost of producing how many widgets?
se the Sales information above to answer this question. he value x = 42.538 should be used in the cost model to stimate the cost of producing how many widgets?
Chapter7: Systems Of Equations And Inequalities
Section7.1: Systems Of Linear Equations: Two Variables
Problem 2SE: If you are performing a break-even analysis for a business and their cost and revenue equations are...
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![Use the Sales information above to answer this question.
The value x = 42.538 should be used in the cost model to
estimate the cost of producing how many widgets?
widgets. Round to the nearest widget.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feadbfcc7-c13a-47fc-b450-e78c1fe05d97%2F6f8b00f5-d43b-44db-ba2c-c292d64aadcd%2Fh3beow_processed.png&w=3840&q=75)
Transcribed Image Text:Use the Sales information above to answer this question.
The value x = 42.538 should be used in the cost model to
estimate the cost of producing how many widgets?
widgets. Round to the nearest widget.
![Widget Sales
Jesaki Inc. is trying to enter the widget market. The research
department established the following price-demand, cost, and
revenue functions:
Price-
p(x) = 60 - 1.20x
demand
function
Cost
|C(x) = 210 + 12x
function
Revenue
R(x) = xp(x) = x(60 - 1.20x)
function
where x is in thousands of widgets and C(x) and R(x) are in
thousands of dollars. The price p(x) is the price in dollars of
one widget when the demand is â thousand widgets. All three
functions have domain 1 ≤ x ≤ 50.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feadbfcc7-c13a-47fc-b450-e78c1fe05d97%2F6f8b00f5-d43b-44db-ba2c-c292d64aadcd%2Fu8mvr0d_processed.png&w=3840&q=75)
Transcribed Image Text:Widget Sales
Jesaki Inc. is trying to enter the widget market. The research
department established the following price-demand, cost, and
revenue functions:
Price-
p(x) = 60 - 1.20x
demand
function
Cost
|C(x) = 210 + 12x
function
Revenue
R(x) = xp(x) = x(60 - 1.20x)
function
where x is in thousands of widgets and C(x) and R(x) are in
thousands of dollars. The price p(x) is the price in dollars of
one widget when the demand is â thousand widgets. All three
functions have domain 1 ≤ x ≤ 50.
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