Cost, revenue, and profit rates. Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C = 90 , 000 + 30 x R = 300 x − x 2 30 P = R − C where the production output in 1 week is x calculators. If production is increasing at a rate of 500 calculators per week when production output is 6,000 calculators, find the rate of increase (decrease) in (A) Cost (B) Revenue (C) Profit
Cost, revenue, and profit rates. Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C = 90 , 000 + 30 x R = 300 x − x 2 30 P = R − C where the production output in 1 week is x calculators. If production is increasing at a rate of 500 calculators per week when production output is 6,000 calculators, find the rate of increase (decrease) in (A) Cost (B) Revenue (C) Profit
Solution Summary: The author compares the cost and revenue equations to determine the rate of increase or decrease in cost.
Cost, revenue, and profit rates. Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by
C
=
90
,
000
+
30
x
R
=
300
x
−
x
2
30
P
=
R
−
C
where the production output in 1 week is x calculators. If production is increasing at a rate of 500 calculators per week when production output is 6,000 calculators, find the rate of increase (decrease) in
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