th Club at Foothill College is planning a fundraiser for n day. They plan to sell pieces of apple pie for a price of $4.00 each. They servings of apple pie is given by, C(x) = 300 + 0.1x +0.003x?. Use this information to answer the questions below: at is the revenue function, R(x)? t is the associated profit function, P(x). Show work and simplify your function algebraically.
th Club at Foothill College is planning a fundraiser for n day. They plan to sell pieces of apple pie for a price of $4.00 each. They servings of apple pie is given by, C(x) = 300 + 0.1x +0.003x?. Use this information to answer the questions below: at is the revenue function, R(x)? t is the associated profit function, P(x). Show work and simplify your function algebraically.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Answer D and E only
The answers to A,B, and C are given.
A) Rx=4x
B) The Profit Function,Px=Revenue Function,Rx-Cost Function,Cx
Px=4x-300+0.1x+0.003x2Px=4x-300-0.1x-0.003x2Px=-0.003x2+3.9x-300
C)P'x=-0.006x+3.9
Transcribed Image Text:The Math Club at Foothill College is planning a fundraiser for n day. They plan to sell pieces of apple pie for a price of $4.00 each. They estimate that the cost to
make x servings of apple pie is given by, C(x) = 300 + 0.1x + 0.003x2. Use this information to answer the questions below:
(A) What is the revenue function, R(x)?
(B) What is the associated profit function, P(x). Show work and simplify your function algebraically.
(C) What is the marginal profit function?
(D) What is the marginal profit if you sell 150 pieces of pie? Show work and include units with your answer.
(E) Interpret your answer to part (D).
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