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 + 65b. x > 3.51a. R(x) = -0.3x2 + 33; P(x) = 1.5x2 - 23.8x + 65b. 3.51 3.51a. R(x) = -0.3x2b. 3.51

The demand function is given by D(x)=-0.3x+33 The total cost function is given by…

Answered: The demand function P= D(x)= -0.3x+ 33…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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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.