The daily revenue R achieved by selling x boxes of candy is given by R(x)=9.6x-0.04x². The daily cost C of producing x boxes of candy is given by C(x)=1.2x+272. How many boxes of candy must the company sell to maximize profit? What is the maximum profit?
The daily revenue R achieved by selling x boxes of candy is given by R(x)=9.6x-0.04x². The daily cost C of producing x boxes of candy is given by C(x)=1.2x+272. How many boxes of candy must the company sell to maximize profit? What is the maximum profit?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.CR: Chapter Review
Problem 16E: Digital cameras A company that produces and sells digital cameras has determined that the total...
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Transcribed Image Text:2. The daily revenue R achieved by selling x boxes of candy is given by R(x) = 9.6x-0.04x². The daily cost C
of producing x boxes of candy is given by C(x)=1.2x+272.
How many boxes of candy must the company sell to maximize profit? What is the maximum profit?
(Hint: First determine the profit function.)
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