
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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Transcribed Image Text: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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