Business: average revenue, cost, and profit. Given revenue and cost functions R ( x ) = 50 x and C ( x ) = x 2 / 3 + 750 where x is the number of Bluetooth speakers produced and R ( x ) and C ( x ) are in dollars, find the following: a. a) the average revenue, the average cost, and the average profit when x speakers are produced; b. b) the rate at which average cost id changing when 8 speakers are produced.
Business: average revenue, cost, and profit. Given revenue and cost functions R ( x ) = 50 x and C ( x ) = x 2 / 3 + 750 where x is the number of Bluetooth speakers produced and R ( x ) and C ( x ) are in dollars, find the following: a. a) the average revenue, the average cost, and the average profit when x speakers are produced; b. b) the rate at which average cost id changing when 8 speakers are produced.
Solution Summary: The author calculates the average revenue, average cost, and average profit when x speakers are produced.
Business: average revenue, cost, and profit. Given revenue and cost functions
R
(
x
)
=
50
x
and
C
(
x
)
=
x
2
/
3
+
750
where x is the number of Bluetooth speakers produced and
R
(
x
)
and
C
(
x
)
are in dollars, find the following:
a. a) the average revenue, the average cost, and the average profit when x speakers are produced;
b. b) the rate at which average cost id changing when 8 speakers are produced.
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3. We'd like to know the first time when the population reaches 7000 people. First, graph the
function from part (a) on your calculator or Desmos. In the same window, graph the line y =
7000. Notice that you will need to adjust your window so that you can see values as big as
7000! Investigate the intersection of the two graphs. (This video shows you how to find the
intersection on your calculator, or in Desmos just hover the cursor over the point.) At what
value t> 0 does the line intersect with your exponential function? Round your answer to two
decimal places. (You don't need to show work for this part.) (2 points)
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