4) The cost of making x items is C(x)=15+2x. The cost p per item and the number made x are related by the equation p+x=25. Profit is then represented by px-C(x) [revenue minus cost]. a) Find profit as a function of x b) Find x that makes profit as large as possible c) Find p that makes profit maximum.
4) The cost of making x items is C(x)=15+2x. The cost p per item and the number made x are related by the equation p+x=25. Profit is then represented by px-C(x) [revenue minus cost]. a) Find profit as a function of x b) Find x that makes profit as large as possible c) Find p that makes profit maximum.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
Related questions
Question
4) The cost of making x items is C(x)=15+2x. The cost p per item and the number made x are related by the equation p+x=25. Profit is then represented by px-C(x) [revenue minus cost].
a) Find profit as a function of x
b) Find x that makes profit as large as possible
c) Find p that makes profit maximum.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill