Concept explainers
a.
The value of profit function.
a.
Answer to Problem 36PPS
Profit function
Explanation of Solution
Given:
The revenue
Calculation: It is given that,
Revenue function
Cost function
Therefore the profit function
b.
The value of profit for 500, 1000 and 5000 coffee mugs.
b.
Answer to Problem 36PPS
The profit for 500, 1000 and 5000 coffee mugs is 1025, 3900 and 26900 respectively.
Explanation of Solution
Given:
The revenue
Calculation: From (1) the profit function
Chapter 7 Solutions
Algebra 2
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