Revenue, Cost, and Profit A print shop makes bumper stickers for election campaigns. If x stickers are ordered (where x < 10,000), then the price per bumper sticker is 0.15 − 0.000002x dollars, and the total cost of producing the order is 0.095x − 0.0000005x2 dollars.
76. Use the fact that
to express P(x), the profit on an order of x stickers, as a difference of two functions of x.
The profit function
Answer to Problem 60E
The value of profit function
Explanation of Solution
Given:
The price per bumper sticker is
The number of ordered stickers is x.
Formula used:
Revenue Formula
Profit Formula
Calculation:
The price per bumper sticker is
The number of ordered stickers is x.
Substitute
The total revenue is
The total cost of producing the order is
Substitute
Thus, the value of profit function
Chapter 2 Solutions
EBK PRECALCULUS: MATHEMATICS FOR CALCUL
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