The demand function P= D(x)= -0.3x+ 33 and the total cost function C) =1.2x +9.2x+65 for a particular commodity are given in terms of the level of production X. a. Find the revenue R(x) and profit P(x). b. Find all values of x for which production of the commodity is profitable.
The demand function P= D(x)= -0.3x+ 33 and the total cost function C) =1.2x +9.2x+65 for a particular commodity are given in terms of the level of production X. a. Find the revenue R(x) and profit P(x). b. Find all values of x for which production of the commodity is profitable.
A First Course in Probability (10th Edition)
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ISBN:9780134753119
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![The demand function P D(x)=-0.3x+33 and the total cost function C)=1.2x +9.2x+ 65 for a particular commodity are given in terms of the level of production X.
a. Find the revenue R(x) and profit P(x).
b. Find all values of x for which production of the commodity is profitable.
a. R(x) =-0.3x + 33x; P(x) = 1.5x- - 23.8x + 65
b. x > 3.51
a. R(x) = -0.3x2 + 33; P(x) = 1.5x2 - 23.8x + 65
b. 3.51 <x< 12.36
a. R(x) = -0.3x- + 33: P(x) = -1.5x- + 23.8x - 65
b. x> 3.51
a. R(x) = -0.3x2
b. 3.51 <x < 12.36
+ 33x; P(x) = -1.5x² +
23.8x - 65](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0837e6ed-8870-44bf-957c-e69a8cc34ebf%2F8ece7c6b-0700-4916-88e8-f47d4354de7e%2Fsgo98wn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The demand function P D(x)=-0.3x+33 and the total cost function C)=1.2x +9.2x+ 65 for a particular commodity are given in terms of the level of production X.
a. Find the revenue R(x) and profit P(x).
b. Find all values of x for which production of the commodity is profitable.
a. R(x) =-0.3x + 33x; P(x) = 1.5x- - 23.8x + 65
b. x > 3.51
a. R(x) = -0.3x2 + 33; P(x) = 1.5x2 - 23.8x + 65
b. 3.51 <x< 12.36
a. R(x) = -0.3x- + 33: P(x) = -1.5x- + 23.8x - 65
b. x> 3.51
a. R(x) = -0.3x2
b. 3.51 <x < 12.36
+ 33x; P(x) = -1.5x² +
23.8x - 65
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