3) Find the Maximum Profit P(x)=? if the price function is p(x) = 20,000 - 50x and the cost function is C'(x) = 5000x + 15,000 Hint: Use Profit = Revenue-Cost ‒‒‒ > P(x)= R(x)- C(x) R(x)=(price) *(quantity)= p*x

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section: Chapter Questions
Problem 16T
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3) Find the Maximum Profit P(x)=? if the price function is p(x) = 20,000 – 50x
and the cost function is C(x) = 5000x + 15, 000
Hint: Use Profit = Revenue-Cost
P(x)= R(x)- C(x)
R(x)=(price) *(quantity)=_p*x
Transcribed Image Text:3) Find the Maximum Profit P(x)=? if the price function is p(x) = 20,000 – 50x and the cost function is C(x) = 5000x + 15, 000 Hint: Use Profit = Revenue-Cost P(x)= R(x)- C(x) R(x)=(price) *(quantity)=_p*x
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