4) Business The daily revenue R achieved by selling x boxes of candy is figured to be R(x) = 9.5x – 0.04x². The daily cost C of selling x boxes of candy is C(x) = 1.25x + 250. a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue? b. Profit is given as P(x) = R(x) – C(x). What is the profit function? c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?
4) Business The daily revenue R achieved by selling x boxes of candy is figured to be R(x) = 9.5x – 0.04x². The daily cost C of selling x boxes of candy is C(x) = 1.25x + 250. a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue? b. Profit is given as P(x) = R(x) – C(x). What is the profit function? c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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