determined that the cost of producing x units of a certain item is 4x + 4720. The demand function is given by = 41 -0.05.x. Find the profit function

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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It has been determined that the cost of producing x units of a certain item is 4x + 4720. The demand function is given by
P = D(x) = 410.05x.
Step 1 of 2: Find the revenue function.
Transcribed Image Text:It has been determined that the cost of producing x units of a certain item is 4x + 4720. The demand function is given by P = D(x) = 410.05x. Step 1 of 2: Find the revenue function.
It has been determined that the cost of producing x units of a certain item is 4x + 4720. The demand function is given by
p = D(x) = 41 -0.05x.
Step 2 of 2: Find the profit function.
Transcribed Image Text:It has been determined that the cost of producing x units of a certain item is 4x + 4720. The demand function is given by p = D(x) = 41 -0.05x. Step 2 of 2: Find the profit function.
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