A construction company has determined its price-demand function for a certain product is given by C(x) = 200 - 0.5x and the total cost of the production of the product is given by C(x) = 1400 + 55x. (a) Determine the revenue function, R (x).
A construction company has determined its price-demand function for a certain product is given by C(x) = 200 - 0.5x and the total cost of the production of the product is given by C(x) = 1400 + 55x. (a) Determine the revenue function, R (x).
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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A construction company has determined its price-demand function for a certain product is given by C(x) = 200 - 0.5x and the total cost of the production of the product is given by C(x) = 1400 + 55x.
(a) Determine the revenue function, R (x).
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