Business: average revenue, cost, and profit. Given revenue and cost function R ( x ) = 40 x and C ( x ) = 5 x + 100 , R ( x ) find each for the following. Assume C ( x ) are in dollars and x is the number of lamps produced. [ 1 . 6 ] a. The average cost, the average revenue, and the average profit when x lamps are produced and sold b. The rate at which average cost is changing when 9 lamps are produced Average cost is dropping at approximately $ 1.33 per lamp.
Business: average revenue, cost, and profit. Given revenue and cost function R ( x ) = 40 x and C ( x ) = 5 x + 100 , R ( x ) find each for the following. Assume C ( x ) are in dollars and x is the number of lamps produced. [ 1 . 6 ] a. The average cost, the average revenue, and the average profit when x lamps are produced and sold b. The rate at which average cost is changing when 9 lamps are produced Average cost is dropping at approximately $ 1.33 per lamp.
Solution Summary: The author calculates the average cost, average revenue, and average profit when x lamps are produced and sold.
Business: average revenue, cost, and profit. Given revenue and cost function
R
(
x
)
=
40
x
and
C
(
x
)
=
5
x
+
100
,
R
(
x
)
find each for the following. Assume
C
(
x
)
are in dollars and x is the number of lamps produced.
[
1
.
6
]
a. The average cost, the average revenue, and the average profit when x lamps are produced and sold
b. The rate at which average cost is changing when 9 lamps are produced
Average cost is dropping at approximately
$
1.33
per lamp.
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