The demand equation for a toy is p= 140 – 3x and the cost function is C(x) = 60 + 60x – x, 0sxs 30. Determine the value of x and the corresponding p that maximizes the profit. The value of x = Number price that maximized Profit =$ Number

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.3: Systems Of Nonlinear Equations And Inequalities: Two Variables
Problem 4SE: If you graph a revenue and cost function, explain how to determine in what regions there is profit.
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The demand equation for a toy is p= 140 – 3x and the cost function is C(x) = 60 + 60x – x, 0 sxs 30. Determine the value of x and the corresponding price
that maximizes the profit.
The value of x= Number
price that maximized Profit =$ Number
Transcribed Image Text:The demand equation for a toy is p= 140 – 3x and the cost function is C(x) = 60 + 60x – x, 0 sxs 30. Determine the value of x and the corresponding price that maximizes the profit. The value of x= Number price that maximized Profit =$ Number
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