Sergio Lopez is a publisher of Latin American poetry.  His fixed cost is $525, and the cost to produce each individual copy of his book is $3.50.  Currently, Sergio is selling these books for $6 each. So far this year, he has produced x  a. Write a linear cost function C for Sergio’s book production, in terms of x.   b. Find the linear revenue function R for selling x copies of the book.  Remember that P(x) = (price)x.    c. Use and 1b. to determine the profit function P for selling x books.  Write the formula in simplified form.  d.Use your answer for 1c to determine the profit, in dollars, for selling 300 books.

ENGR.ECONOMIC ANALYSIS
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Sergio Lopez is a publisher of Latin American poetry.  His fixed cost is $525, and the cost to produce each individual copy of his book is $3.50.  Currently, Sergio is selling these books for $6 each. So far this year, he has produced

a. Write a linear cost function C for Sergio’s book production, in terms of x.  

b. Find the linear revenue function R for selling x copies of the book.  Remember that P(x) = (price)x.  

 c. Use and 1b. to determine the profit function P for selling x books.  Write the formula in simplified form.

 d.Use your answer for 1c to determine the profit, in dollars, for selling 300 books.  

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