Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C=70,000+30x, R=200x−x220, P=R−C where the production output in 1 week is x calculators. If production is increasing at a rate of 600 calculators per week when production output is 5,000 calculators. Find the rate of increase (decrease) in cost, revenue, and profit.
Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C=70,000+30x, R=200x−x220, P=R−C where the production output in 1 week is x calculators. If production is increasing at a rate of 600 calculators per week when production output is 5,000 calculators. Find the rate of increase (decrease) in cost, revenue, and profit.
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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Question
Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by
| C=70,000+30x, | R=200x−x220, | P=R−C |
where the production output in 1 week is x calculators. If production is increasing at a rate of
600
calculators per week when production output is
5,000
calculators. Find the rate of increase (decrease) in cost, revenue, and profit.Question content area bottom
Part 1
A) Costs are
at the rate of
▼
increasing
decreasing
$
per week at this production level.(Simplify your answer.)
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