1) Look at page 204 in the textbook for a discussion of Profit. The calculation of Profit in a business transaction is Revenue minus Cost. Thus, if (x) items are sold at $8 each the Revenue would be 8x. If the cost of (x) items is $2, then the profit would be 8x -2x. Saltwater taffy can be sold wholesale for $45 per thousand individual candies. The cost of producing (x) thousand candies is C(x) = 0.5x² – 3x + 25. (a) What is the revenue function in this situation? (b) What is the profit function? (c) What number of candies will produce the largest profit? (d) What is the maximum profit?

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